The issue price of the rights are at 0.7 cents per rights issue, which represents a discount of 53.3% to the closing price of 1.5 cents per unit, approximately 36.4% to the theoretical ex-rights price (TERP).
The rights units are proposed to be offered to the eligible unitholders on the basis of 117 rights units for every 100 existing units.
Units in LMIRT closed 0.1 cents lower or 7.143% down at 1.3 cents on Dec 9.
