Share Purchase Plan Offer
Panorama Synergy Limited ACN 060 369 048 ("Company") wishes to raise funds pursuant to the Panorama Synergy Limited Share Purchase Plan ("Plan"). The Plan offers eligible shareholders the ability to subscribe for between $750 and $15,000 worth of fully paid ordinary shares in the Company ("Shares") through the Plan. To be eligible, you were required to be registered as a holder of Shares, with a registered address in Australia as at 5.00pm (WST) on 22 December 2010 ("Eligible Shareholders").
The proceeds of the offer will be used generally for working capital and corporate purposes. More specifically the funds will enable the Company to both further advance the development of its revolutionary Magneto Photonic technology ("the Technology") and enhance its business plan to cater for the internet distribution of both its own and third party products.
Further to its previous announcement regarding an enhanced business plan, Panorama Synergy intends to augment its development of the MPC with the sale of information and other products via the internet.
Panorama Synergy intends to capitalise on the rapidly growing sales trend in the dynamic internet world, by offering a range of information and other products.
The Company intends to provide high quality, practical, implementable and profitable advice and products to millions (worldwide) of small to medium businesses.
It believes this can be achieved because of:
- The general acceptance of purchasing products via the internet market place
- Its in-house experience in the areas of sales and marketing
- Its developed On line processes
-The Company's internet models
The offer of Shares under the Plan ("Offer") opens on 24 December 2010 and closes at 5pm (WST) on 27 January 2011. No late applications will be accepted, however the directors of the Company ("Directors") reserve the right to extend the closing date.
The purchase price for each Share under the Plan is $0.075 (7.5 cents) per Share. This price is a 16.6% discount from the average market price of Shares in the Company sold on the Australian Securities Exchange ("ASX") during the previous five trading days ending 21 December 2010.
The market price of Shares in the Company may rise or fall between the date of this Offer and the date that Shares are issued to you under this Offer. This means that the price at which Shares are issued to you under this Offer may be greater or less than the prevailing market price of Shares at the date of this Offer. Further, the issue price may exceed the price at which you would be able to buy Shares on the market at the same time that Shares are issued to you under this Offer. We recommend that you seek financial advice from a suitably qualified adviser before you decide to participate in this Offer.
If you are eligible to subscribe for Shares under the Plan and you wish to participate, you must subscribe for a minimum parcel of 10,000 Shares for a consideration of $750, however you can apply for more shares in increments of 5,000 shares for a consideration of $375 per 5,000 shares, up to a maximum of 200,000 shares for a consideration of $15,000. You may only subscribe for whole numbers of Shares, as no fraction of Shares will be issued. Please refer to the Subscription Calculator. The Company reserves the right to allot fewer Shares than an eligible shareholder applies for under the Offer, or no Shares and any determination by the Directors in respect of any scaling back will be final. If a scale back occurs, the Company will refund any excess application money to eligible shareholders (without interest).
Please carefully read the terms and conditions relating to the Offer, contained in the ASX announcement, as you will be bound by them.
If you have any questions in respect of the Plan, the Offer, or these terms and conditions please contact Leonard Taylor on +61 (0)8 9344 2513.
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