tTech Limited – Share Allocation
This is to advise that tTEch’s invitation for subscription and Sale in respect of 25, 652,000 ordinary shares at the price of $2.50 per share was successfully closed on December 16, 2015. A total of 289 applications for shares, valued at approximately $J172, 395 million, were received. The basis for allotment has been finalized as follows:
- Reserve share applicants (35% of the shares offered) will receive 100% of the number of shares they applied for
- Pursuant to the prospectus, 8% of the shares offered have been allocated at the discretion of the company’s Board of Directors.
- Applicant for the general pool (57% of the shares offered) will receive 100% up to 10,000 shares applied for. The remaining shares will be allocated on a proportional basis equivalent to approximately 19.96% of the total application amount.