Future Machine Ltd. Announces Rights Issue with Up to 500 Million New Shares Offered

Reuters
Oct 06
Future Machine Ltd. Announces Rights Issue with Up to 500 Million New Shares Offered

Future Machine Limited has announced the results of its rights issue, offering up to 500 million new shares. According to the company, the valid acceptances for the rights shares have been confirmed, with the number of unsubscribed rights shares now subject to compensatory arrangements through a placing process. Any shares not placed under these compensatory arrangements will not be issued, resulting in a reduction of the overall size of the rights issue. The company will provide a further update on the final results of the rights issue and the placing process, including details on the net gain per placing share, in a subsequent announcement. Shareholders and investors are advised to exercise caution and consult professional advisers when dealing in the company's shares, as the rights issue remains subject to certain conditions.

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