Each one in plain English, with the numbers worked through for a shareholder.
17 Oct 2016capital raising announcement● Neutral
Rey confirms issue of 66,666,666 shares at 1.5c ($1M) to a sophisticated investor, and gives the notice allowing them to be on-sold. Administrative follow-up to the 11 October placement.
What it means for a shareholder
66.7m new shares at A$0.015 to raise about A$1.0m. That's 6.3% dilution: every existing holder's slice gets 6.3% smaller. If you held A$1,000 of shares (66,667 at the issue price), your slice goes from 0.00669% to 0.00627% of the company. To keep it you'd need 4,463 more shares - about A$67 at the issue price.
11 Oct 2016capital raising announcement● NeutralMajor
Rey raises $1M by placing 66,666,666 shares at 1.5c with Neway Energy International. Funds are for exploration on its oil and gas assets and working capital.
What it means for a shareholder
66.7m new shares at A$0.015 to raise about A$1.0m. That's 6.3% dilution: every existing holder's slice gets 6.3% smaller. If you held A$1,000 of shares (66,667 at the issue price), your slice goes from 0.00669% to 0.00627% of the company. To keep it you'd need 4,463 more shares - about A$67 at the issue price.
Rey placed the remaining 18,598,424 rights issue shortfall shares at 1.5c, raising $278,976. This completes the rights issue, which totals about $3.72M.
The rights issue closed 31 March 2016 with applications for about 92.5% of the offer, raising $3,442,455.68 at 1.5c. A shortfall of 18,598,424 shares may be placed by 30 June 2016.
Rey confirms the rights issue offer document and entitlement forms were posted on 8 March 2016 to eligible shareholders. Administrative confirmation only.
Letter telling shareholders with addresses outside Australia, New Zealand, China and Hong Kong that they cannot take part in the rights issue. Administrative notice with no new information.
Letter to shareholders restating the rights issue: 1-for-3 at 1.5 cents, up to 248,095,469 shares, closing 31 March 2016. Maximum shares after the offer would be 992,381,876. The Board recommends the offer. No new terms.
Offer document for the 1-for-3 rights issue at 1.5 cents, raising up to about $3.72M. It is a short-form document under section 708AA, not a prospectus, and includes risk factors. Repeats the terms announced the same day.
26 Feb 2016capital raising announcement● NeutralMajor
Rey launches a 1-for-3 non-renounceable rights issue at 1.5 cents, raising up to $3.72M from up to 248.1M shares. It is not underwritten. Proceeds repay shareholder loans, fund investments and working capital. Non-participants are diluted.
What it means for a shareholder
248m new shares at about A$0.015 to raise about A$3.7m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (66,694 at the issue price), your slice goes from 0.00672% to 0.00538% of the company. To keep it you'd need 16,674 more shares - about A$250 at the issue price.
4 Feb 2016capital raising announcement● NeutralMajor
Rey raises $1 million through a placement of 33,333,333 shares at 3 cents to existing shareholder Wanyan Liu. Proceeds go to debt repayment and working capital. Her stake rises, with the new shares adding to the share count.
27 Jan 2015capital raising announcement● NeutralMajor
Rey completed its $4M placement of 50M shares at 8c to two Hong Kong investors, 25M each. Start Grand Global now holds about 40.1M shares, 5.6% of the enlarged capital.
What it means for a shareholder
50.0m new shares at A$0.080 to raise about A$4.0m. That's 7.0% dilution: every existing holder's slice gets 7.0% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.00188% to 0.00175% of the company. To keep it you'd need 942 more shares - about A$75 at the issue price.
24 Dec 2014capital raising announcement● NeutralMajor
Rey will raise $4M through a placement of up to 50M shares at 8c, below the 10c and 10.3c of the 2014 placements. Funds go to the Dunnart-2 test, two more EP437 wells, two Fitzroy wells and working capital.
What it means for a shareholder
50.0m new shares at A$0.080 to raise about A$4.0m. That's 7.0% dilution: every existing holder's slice gets 7.0% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.00188% to 0.00175% of the company. To keep it you'd need 942 more shares - about A$75 at the issue price.
Disclosure that the 4,854,368-share placement lifted shares on issue from 655,202,151 to 660,056,519, a dilution of 0.74%. No underwriting, fees or costs were incurred.
Rey completes its $3M raising by issuing a final 4,854,368 shares at 10.3c to a sophisticated investor. This closes the placement started in July, and the funds support Dunnart-2 and Fitzroy seismic.
What it means for a shareholder
4.9m new shares at A$0.103 to raise about A$500,000. That's 0.735% dilution: every existing holder's slice gets 0.735% smaller. If you held A$1,000 of shares (9,709 at the issue price), your slice goes from 0.00148% to 0.00147% of the company. To keep it you'd need 72 more shares - about A$7 at the issue price.
Rey discloses its 15M-share placement at 10c: 11.63M shares under the 7.1A capacity, the rest under 7.1. Shares on issue rose from 643.6M to 655.2M on the 7.1A portion, a dilution of 1.80%. No fees or underwriting.
Secondary trading notice for a further 15M shares issued at 10c on 19 August ($1.5M). This is part of the $3M placement announced 30 June.
What it means for a shareholder
15.0m new shares at A$0.100 to raise about A$1.5m. That's 2.3% dilution: every existing holder's slice gets 2.3% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.00156% to 0.00153% of the company. To keep it you'd need 234 more shares - about A$23 at the issue price.
Rey issues 10M shares at 10c ($1M) to existing shareholder Wan Yan Liu, lifting her stake to about 13.1%. This is the first part of the $3M placement; documents for a further 20M shares ($2M) are being finalised.
What it means for a shareholder
10.0m new shares at A$0.100 to raise about A$1.0m. That's 1.6% dilution: every existing holder's slice gets 1.6% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.00158% to 0.00156% of the company. To keep it you'd need 158 more shares - about A$16 at the issue price.
30 June 2014capital raising announcement● NeutralMajor
Rey will raise up to $3M by placing up to 30M shares at 10c: $1M is signed, and documents for a further $2M are being finalised. Cash would be about $5M, funding its Dunnart-2 earn-in, Canning Basin seismic share and working capital.
What it means for a shareholder
30.0m new shares at A$0.100 to raise about A$3.0m. That's 4.5% dilution: every existing holder's slice gets 4.5% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.00158% to 0.00151% of the company. To keep it you'd need 475 more shares - about A$48 at the issue price.
29 Oct 2013capital raising announcement▲ GoodMajor
Rey issued 17M shares at 8c to Crystal, raising $1.36M and lifting Crystal to about 19.9%. This completes the placement announced 14 October. Cash is now about $6.3M.
What it means for a shareholder
17.0m new shares at A$0.080 to raise about A$1.4m. That's 2.9% dilution: every existing holder's slice gets 2.9% smaller. If you held A$1,000 of shares (12,500 at the issue price), your slice goes from 0.00223% to 0.00216% of the company. To keep it you'd need 379 more shares - about A$30 at the issue price.
Secondary trading notice for the Crystal issues: 53,571,429 shares at a deemed 5.6c and 17,000,000 at 8c. Shares on issue rise to 631,454,302. Otherwise standard compliance wording.
Rey issued 55M shares at 5.5c each to Crystal Yield Investments, completing the placement announced on 18 March. Shares on issue rise to 560,733,873. The rest of the notice is standard secondary trading wording.
What it means for a shareholder
55.0m new shares at A$0.055 to raise about A$3.0m. That's 9.8% dilution: every existing holder's slice gets 9.8% smaller. If you held A$1,000 of shares (18,182 at the issue price), your slice goes from 0.0036% to 0.00324% of the company. To keep it you'd need 1,977 more shares - about A$109 at the issue price.
ASF's own announcement that its second tranche of 90M Rey shares is complete, giving it about 22.7% of Rey. Two ASF directors, Min Yang and Geoff Baker, will join the Rey board. Repeats Rey's announcement from ASF's side.
After shareholders approved the placement at the 6 September meeting, Rey issued 90M shares at 12c to ASF's nominee, raising $10.8M. This completes the ASF deal started in June and leaves 505,733,873 shares on issue.
What it means for a shareholder
90.0m new shares at A$0.120 to raise about A$10.8m. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held A$1,000 of shares (8,333 at the issue price), your slice goes from 0.00165% to 0.0014% of the company. To keep it you'd need 1,483 more shares - about A$178 at the issue price.
Routine notice allowing the 90M shares issued to ASF's nominee at 12c to be resold. Confirms 505,733,873 shares on issue. No new information beyond the placement completion.
What it means for a shareholder
90.0m new shares at A$0.120 to raise about A$10.8m. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held A$1,000 of shares (8,333 at the issue price), your slice goes from 0.00165% to 0.0014% of the company. To keep it you'd need 1,483 more shares - about A$178 at the issue price.
18 June 2012capital raising announcement▲ GoodMajor
Rey will raise up to $13.8M by placing 115M shares at 12c with ASF Group, a 33% premium to the 9c last price. ASF would become the largest shareholder (about 22.5%) with two board nominees, and gets 60 days' exclusivity on a Duchess Paradise deal. 90M shares need shareholder approval.
What it means for a shareholder
115m new shares at A$0.120 to raise about A$13.8m. That's 24% dilution: every existing holder's slice gets 24% smaller. If you held A$1,000 of shares (8,333 at the issue price), your slice goes from 0.0023% to 0.00175% of the company. To keep it you'd need 2,646 more shares - about A$318 at the issue price.
ASF Group's own announcement of the same deal: it will subscribe for up to 115M Rey shares at 12c, ending with about 22.7% of Rey. It also gets two board nominees and 60 days' exclusivity. Repeats Rey's announcement from ASF's side.
Rey issued the first 25M shares at 12c to ASF's nominee, leaving 415,733,873 shares on issue. This is a routine notice that allows the shares to be resold, and it completes the first $3M tranche.
What it means for a shareholder
25.0m new shares at A$0.120 to raise about A$3.0m. That's 6.5% dilution: every existing holder's slice gets 6.5% smaller. If you held A$1,000 of shares (8,333 at the issue price), your slice goes from 0.0023% to 0.00215% of the company. To keep it you'd need 575 more shares - about A$69 at the issue price.
9 Dec 2011capital raising announcement● NeutralMajor
Rey placed about 28.6M shares at 14c to raise about $4.0M via Euroz, well below the 20c paid in the July placement. Funds go to permitting, exploration and working capital. It says talks with several potential project partners continue. It also answered an ASX price query, citing the raising and its funding search.
What it means for a shareholder
28.6m new shares at A$0.140 to raise about A$4.0m. That's 7.3% dilution: every existing holder's slice gets 7.3% smaller. If you held A$1,000 of shares (7,143 at the issue price), your slice goes from 0.00197% to 0.00183% of the company. To keep it you'd need 564 more shares - about A$79 at the issue price.
1 July 2011capital raising announcement▲ GoodMajor
Rey raised A$8.0M through a placement of 40M shares at 20c, about a 5% premium to the last close, led by Euroz. Funds go to exploration, optimisation studies and permitting. 6.7M shares issue now; 33.3M need shareholder approval on 5 August.
What it means for a shareholder
40.0m new shares at A$0.200 to raise about A$8.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (5,000 at the issue price), your slice goes from 0.00156% to 0.00139% of the company. To keep it you'd need 624 more shares - about A$125 at the issue price.
Rey completed an oversubscribed A$12M placement at 20c per share, issuing 60M shares through BBY Limited. Funds were for Canning Basin drilling, environmental surveys and the feasibility study due at the end of June 2011.
