The Company wishes to advise that the Share Purchase Plan which closed on 20 April 2017 was exceptionally well supported, with a total of approximately $17.9 million in applications received.
The level of applications exceeds the Company’s requirements and the SPP capped amount of $10 million. The Board has determined not to accept applications in excess of that amount. Funds raised by the SPP (along with the Placement and Bond Offer) will provide Villa World with additional financial capacity to replenish and increase land stocks through strategic purchases in optimal growth corridors, resulting in a ‘step change’ in the business.
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