PDN.ASX corporate action

[WADDSM]

As a holder of PDN.ASX (CFD holding only not direct shares) are we able to participate in a corporate action (on a notional basis)? That is, Paladin has recently initiated a share purchase plan for existing retail shareowners (insto placement already completed). This is a material capital raising for this company (and at a discount), otherwise as a CFD holder I will cop the dilutionary  impact of this capital raising. 

thanks

Mark

[JamesIG]

Hey - our corporate actions team sent out the following email on the 18th of September which I believe you are referring to. 

Paladin Energy Ltd has announced a Share Purchase Plan (SPP) whereby eligible shareholders have the opportunity to purchase up to a maximum of AUD 30,000 worth of shares.

THE ISSUE PRICE WILL BE AUD 0.115.  ELIGIBLE HOLDERS MAY APPLY FOR A PARCEL OF NEW SHARES IN AUD 1,000 INCREMENTS FROM A MINIMUM OF AUD 1,000 UP TO A MAXIMUM OF AUD30,000.

THE OFFER UNDER THE SPP NEEDS TO COMPLY WITH THE LIMIT IN ASIC CLASS ORDER (09/425) AND (10/105). UNDER THE CLASS ORDER, ELIGIBLE SHAREHOLDERS MAY ONLY ACQUIRE A MAXIMUM OF AUD 30,000 WORTH OF SHARES UNDER A SPP IN ANY 12 MONTH PERIOD.

ALLOCATION OF NEW SHARES WILL BE AT THE SOLE DISCRETION OF THE COMPANY. THE OFFER IS SUBJECT TO SCALE BACK. SHOULD THE OFFER BE SCALED BACK WE WILL APPLY THE SCALE BACK IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE OFFER. THE SCALE BACK POLICY IS AT THE SOLE DISCRETION OF THE COMPANY.

To take part in the SPP, we require an instruction from you before 12pm AEST on the 03.10.2019 advising how much worth of shares you are subscribing for. Please ensure the correct amount of money is in your share trading account at the time of instructing, or the request may fail. These funds will be reserved until the SPP has been fully processed.

An instruction to us is not a guarantee that you will be allocated any or all the shares that you have subscribed for. There are instances where no allocation will be made to you, for example the SPP may close early and/or be fully subscribed. IG holds no responsibility for share allocation outcomes or any failure for you to be issued the shares requested. By participating in the SPP you acknowledge and agree that you will not hold IG liable for any of the above.

Please give us a call or drop us an email using the same email address registered to your account, using the following details. Unfortunately I can't take this instruction via Community. 

 

T 1800 601 734 / +61 (3) 9860 1734
E helpdesk.au@ig.com

[WADDSM]

ok, thanks for the response, I'm not referring to that email because I never received it. My question hasn't been answered, I was referring to the ability of a CFD holder to participate in the corporate action . I gather that since I didn't receive the email then the answer is probably no, it's not available to CFD holders but it would be good if the query can be escalated to someone in the company who understand the significance of the question so I can get a definitive answer. 

thanks