FBR Announces SPP Underwriting Agreement
Key points
- FBR Limited has entered into an underwriting agreement for its SPP
- Alpine Capital Pty Ltd will fully underwrite the SPP up to A$2,500,000
- Underwriting fees and options are detailed in the agreement
Full summary
FBR Limited (ASX: FBR) announced that it has entered into an underwriting agreement with Alpine Capital Pty Ltd for its share purchase plan (SPP). The SPP is fully underwritten to A$2,500,000. The agreement outlines various terms and conditions, including termination events and fees. The Company will pay Alpine Capital an underwriting execution fee, a management fee, and an underwriting fee. Additionally, the Underwriter will receive one option for every share underwritten, subject to shareholder approval.
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