Australian semiconductor developer BluGlass Limited (ASX: BLG) has today lodged a Prospectus in relation to its Bonus Option Offer.
Each eligible shareholder as at the Record Date of 30 May 2022 will be eligible to receive 1 Bonus Option for every 8 Shares held. The key terms of the Bonus Option are as follows:
- Subscription price payable per Bonus Option: $nil
- Option exercise price: $0.03
- Option expiry: 30 November 2022
Allotment of the Bonus Options is expected to occur on 6 June 2022 and are expected to be listed on ASX subject to compliance with ASX Listing Rules.
Indicative Timetable
| Event | Date |
| Lodgement of Prospectus with ASIC | 24 May 2022
Prior to the commencement of trading |
| Lodgement of Appendix 3B, Announcement and Prospectus with ASX | 24 May 2022
Prior to the commencement of trading |
| Shares trade ex-Bonus Option entitlements | 27 May 2022 |
| Record Date for Bonus Options | 30 May 2022 |
| Intended date of issue, and lodgement of Appendix 2A | Before 12pm (Sydney time), 6 June 2022 |
| Normal trading in Bonus Options | 7 June 2022 |
This announcement has been approved for release by the Board of BluGlass.
