The Board has discussed a wide range of ways to grow the company and to narrow the discount between the share price and NTA. Both of these issues are important for shareholders. While I believe that share investments such as MA1 should be taken with a 7 plus year view, I also understand that the liquidity of listed investments is important for many investors. So a share price trading at or close to NTA is desirable.
The size of the company is also important. There are quite predictable fixed costs in a company such as MA1. By growing the company, investors get the benefit of scale, meaning lower costs for all shareholders as the company grows. A larger company is also, due to the greater number of shares on issue, be traded more frequently. A larger company, lower pro rata costs and with more frequent trading is likely to trade at a smaller discount to NTA and offer both buyers and sellers more liquidity. This is a real benefit to current and future shareholders.
To view current MA1 share price and ASX Announcements Click here
To download the Options Prospectus Click Here
Key Dates – Loyalty Options
|Lodgement of Prospectus||25 October 2018|
|Notice sent to Options Holders||24 October 2018|
|Shares quoted on an ex-Bonus Option entitlements basis and Bonus Options quoted on a deferred settlement basis||15 November 2018|
|Record Date for Bonus Options||16 November 2018|
|Issue Date||19 November 2018|
|End of Bonus Options trading on a deferred settlement basis||19 November 2018|
|Prospectus and Statement sent to Shareholders||20 November 2018|
|Normal trading in Bonus Options (and exercised, Loyalty Options)||20 November 2018|
|Bonus Options Expire||15 May 2020|
|Loyalty Options Expire||15 December 2021|
For Shareholder enquiries, please contact the Share Registry Boardroom Limited on Ph: 1300 767 760 (in Australia) or Ph: + 61 2 9290 9600 (International) or by email at email@example.com