Share Purchase Plan Offer
Released
Released
Announcement PDF
WWW.FAREAST.GOLD
Far East Gold Ltd
ACN 639 887 219 | ASX FEG
Share Purchase Plan Offer
The SPP Offer closes at 5.00pm (Sydney time) on Friday, 20 November 2026 (unless varied or extended)
An invitation to Eligible Shareholders to apply for up to A$30,000 of new fully paid ordinary Shares at a discount without brokerage,
commissions or other transaction costs.
No options attach to Shares subscribed for under the SPP Offer.
This is an important document and should be read in its entirety. This document is not a prospectus or other disclosure document
under the Corporations Act 2001 (Cth).
Participation is voluntary. Before deciding whether to participate, consider your own objectives, financial situation and needs and
consult your financial or other professional adviser.
NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES
ABN 68 639 887 219
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Key Offer Information
Introduction
Far East Gold Ltd (ASX: FEG) (FEG or Company) is pleased to provide Eligible Shareholders with the opportunity to subscribe for
up to A$30,000 of new fully paid ordinary shares in the Company (SPP Shares) under a share purchase plan on the terms and
conditions set out in this document (SPP Offer).
Participation in the SPP Offer will not incur brokerage, commission or other transaction costs. This document has been issued
by FEG and explains the features of the SPP Offer.
The SPP Offer comprises Shares only. No options attach to SPP Shares subscribed for under the SPP Offer.
Key Dates
Event Date and time
Record Date for eligibility
7:00pm (Sydney time) Monday, 2 November
2026
Announcement of SPP Offer and Appendix 3B Tuesday, 3 November 2026
Cleansing Notice
Lodgement and dispatch of SPP booklet and opening of SPP Offer
Thursday, 5 November 2026
Closing Date
5:00pm (Sydney time) Friday, 20 November
2026
Announcement of results Tuesday, 24 November 2026
Issue of SPP Shares Thursday, 26 November 2026
Expected commencement of trading in SPP Shares Friday, 27 November 2026
Dispatch of holding statements Monday, 30 November 2026
Note: This timetable is indicative only and subject to change. Late applications will not be accepted. However, FEG reserves the right to alter the above
dates, including the SPP Closing Date without prior notice, subject to the ASX Listing Rules, the Corporations Act 2001 (Cth) and other applicable law. The
commencement of trading and quotation of SPP Shares is subject to ASX confirmation. Material changes to the timetable will be announced to ASX as soon
as practicable.
Defined terms and abbreviations used in this document are set out in the Definitions section of the Terms and Conditions.
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Important Notices
Disclaimer
The SPP Offer contained in this document is not a recommendation to purchase SPP Shares and has been prepared without
taking into account the objectives, financial situation or needs of individuals. Before making an investment decision,
prospective investors should consider the appropriateness of the information having regard to their own objectives, financial
situation and needs and seek such legal, financial and/or taxation advice as they consider necessary or appropriate.
Far East Gold Ltd is not licensed to provide financial product advice in respect of Shares (including SPP Shares). Cooling-off
rights do not apply to the acquisition of Shares (including SPP Shares).
If you apply to participate in the SPP Offer, you accept the risk that the market price of Shares may change between the date of
the SPP Offer and the date on which SPP Shares are issued. It is possible that, up to or after that date, Shares may be available
to purchase on market at a price lower than the Offer Price. If the market price of Shares is lower than the Offer Price after the
Allotment Date, the price at which you can sell your SPP Shares, and their value, will be less than what you paid for them. FEG
does not guarantee any particular rate of return or the performance of FEG, the repayment of capital or any particular tax
treatment. Past performance should not be relied upon as an indication of future performance.
This document contains forward-looking statements, which can generally be identified by words such as "may", "will",
"expect", "intend", "plan", "estimate", "anticipate" or similar expressions. They include statements about the intended use of
funds, the timing and outcome of the Idenburg Indonesian Feasibility Study, any increase in FEG's interest in Idenburg, and
potential sales, joint ventures or other transactions involving FEG's projects. Forward-looking statements are based on FEG's
current expectations and assumptions as at the date of this document. They are not guarantees of future performance and are
subject to known and unknown risks and uncertainties, many of which are outside FEG's control. These include risks relating to
funding, permitting and land access, exploration and study results, commodity prices, counterparty negotiations, and
regulatory and sovereign matters in Indonesia. Actual outcomes may differ materially. No transaction or milestone referred to
in this document is assured, and you should not place undue reliance on these statements. To the maximum extent permitted
by law, neither FEG nor any of its directors, officers, employees, advisers or agents gives any representation or warranty as to
the accuracy, likelihood of achievement or reasonableness of any forward-looking statement. Except as required by law or the
ASX Listing Rules, FEG does not undertake to update or revise them.
United States
The SPP Shares offered and sold under the SPP Offer have not been, and will not be, registered under the U.S. Securities Act of
1933, as amended, or the securities laws of any state or other jurisdiction of the United States. Accordingly, participation in
the SPP Offer is not being offered, directly or indirectly, in the United States or to any person that is, or is acting for the account
or benefit of, a person in the United States. This document and any related offering documents must not be mailed or
otherwise transmitted or distributed in or into the United States or to any such person.
Foreign offer restrictions
This document does not constitute an offer or invitation in any place in which, or to any person to whom, it would not be lawful
to make such an offer or invitation. No action has been taken to register the SPP Shares or otherwise permit an offering of SPP
Shares in any jurisdiction outside Australia (and its external territories), except New Zealand and Singapore as described
below.
New Zealand
The SPP Shares are not being offered or sold to the public within New Zealand other than to existing shareholders of FEG with
registered addresses in New Zealand to whom the offer of SPP Shares is being made in reliance on the Financial Markets
Conduct (Incidental Offers) Exemption Notice 2021.
This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial
Markets Conduct Act 2013. This document is not a product disclosure statement under New Zealand law and is not required
to, and may not, contain all the information that a product disclosure statement under New Zealand law is required to contain.
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Singapore
This document and any other materials relating to the SPP Shares have not been, and will not be, lodged or registered as a
prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other materials in
connection with the offer or sale, or invitation for subscription or purchase, of the SPP Shares, may not be issued, circulated or
distributed, not may the SPP Shares be offered or sold, or be made the subject of an invitation for subscription or purchase ,
whether directly or indirectly, to persons in Singapore except pursuant to and in accordance with exemptions in Subdivision (4)
Division 1, Part 13 of the Securities and Futures Act of Singapore (SFA) or another exemption under the SFA.
This document is being made available to less than 50 persons in Singapore. You may not forward or circulate this document
to any other person in Singapore.
Any offer is not made to you with a view to the SPP Shares being subsequently offered for sale to any other party. There are on-
sale restrictions in Singapore that may be applicable to persons who acquire SPP Shares.
Further information
This document should be read in its entirety, including the Letter to Shareholders, Frequently Asked Questions and Terms and
Conditions, and together with FEG’s ASX announcements and Annual Report for the year ended 30 June 2026. If you are in
doubt about whether to participate in the SPP Offer, you should consult your financial or other professional adviser.
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Letter to Shareholders
5 November 2026
Dear Shareholder
On behalf of Far East Gold Ltd (FEG or the Company), I am pleased to invite you to participate in the Company’s Share Purchase Plan
(SPP Offer). The SPP Offer provides Eligible Shareholders with an opportunity to subscribe for up to A$30,000 of new fully paid
ordinary shares in the Company (SPP Shares), without brokerage, commissions or other transaction costs.
The Company is seeking to raise capital under the SPP Offer for working capital purposes and to support the advancement of the
Idenburg Gold Project.
The Offer Price is A$0.10 per SPP Share, representing a 20% discount to the five-day volume-weighted average price (VWAP) of the
Company’s Shares that traded on the ASX immediately before announcement of the SPP Offer (up to 2 November 2026) and a 13%
discount to the last closing price of Shares on Monday, 2 November 2026. The Offer Price is fixed for the duration of the SPP Offer.
The SPP Offer opens at 9:00am (Sydney time) on Thursday, 5 November 2026 and closes at 5:00pm (Sydney time) Friday, 20
November 2026, unless varied. Eligible Shareholders may apply for parcels of A$1000, A$2,000, A$5,000, A$10,000, A$15,000,
A$20,000, A$25,000 or A$30,000, subject to scale-back. SPP Shares will rank equally with existing Shares from issue.
Please read this booklet, including the Important Notices and Terms and Conditions, together with the Company’s ASX
announcements and Annual Report for the year ended 30 June 2026 before deciding whether to participate. Applications can be
made using the payment instructions on your personalised Application Form, available at:
https://portal.automic.com.au/investor/home
Thank you for your continued support of Far East Gold.
Yours sincerely
Justin Werner
Non-Executive Chairman
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Purpose and Use of Funds
The Company will apply funds raised from the SPP to working capital requirements and to advance its projects, specifically its
Idenburg project.
At Idenburg, the Company intends to progress activities directed towards completion of the Indonesian Feasibility Study, which is a
contractual milestone for increasing the Company’s interest in Idenburg from 51% to 80%. These activities may include technical
studies, resource and mine planning work, permitting and land access activities and, where practicable, further drilling. The scope
and timing of activities will depend on permitting, land access, contractual matters and other relevant circumstances.
Work on other projects may include a maiden JORC Mineral Resource Estimate for Woyla, a JORC Exploration Target for Trenggalek,
legal and regulatory work concerning the Wonogiri IUP, an updated technical assessment of Mount Clark West and preparation for
field mapping at Blue Hill Creek.
The Company is actively pursuing sale, joint venture or other monetisation opportunities for Wonogiri and Trenggalek and may
consider similar transactions for other projects. Discussions remain preliminary and non-binding. There is no assurance that any
transaction will be agreed or completed, or that any proceeds will be received.
The use of funds is indicative only and may change depending on the amount raised under the SPP Offer, the timing and cost of
planned activities, permitting and land access, project-level transactions and other operational requirements. The Company may also
pursue other project-level investment and funding arrangements where the Board considers these appropriate to advance the
Company’s projects and maximise shareholder value. Priority will be given to Idenburg, mandatory costs and activities most likely to
preserve or realise near-term value.
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Frequently asked questions
This section summarises the key aspects of the SPP Offer. Read it together with the Terms and Conditions in this document.
1. What is the SPP Offer?
An opportunity for Eligible Shareholders to apply for up to A$30,000 of new fully paid ordinary
Shares without brokerage, commissions or other transaction costs. Participation is subject to the
Terms and Conditions.
2. Who can participate?
Registered holders of Shares at the Record Date with a registered address in Australia, New
Zealand or Singapore, subject to the exclusions and custodian provisions in clause 2.
Participation is voluntary and the right to participate cannot be transferred.
3. Do I have to participate?
No. Participation is voluntary. If you do not wish to participate, no action is required. The right to
participate cannot be transferred.
4. How much can I apply for?
You may apply for up to an aggregate maximum dollar amount of A$30,000 worth of SPP Shares
under the SPP Offer. You may apply to purchase a parcel of A$1,000, A$2,000, A$5,000,
A$10,000, A$15,000, A$20,000, A$25,000 or A$30,000 worth of SPP Shares.
The A$30,000 limit applies irrespective of the number of Shares you hold on the Record Date.
If FEG receives an application for an amount of SPP Shares that is not equal to one of the above
parcels, or a subscription of over A$30,000 worth of SPP Shares, by an Eligible Shareholder
through multiple or joint holdings, FEG may either:
• reject the application and refund, in full, any application monies (without interest); or
• round down the dollar amount of SPP Shares that are applied for to the next lowest
parcel and refund the balance of any monies (without interest).
No fractions of Shares will be issued by the Company. Any fraction of a Share will be rounded
down to the nearest whole number of Shares.
5.
How will the proceeds be
used?
To advance Idenburg, including progressing the Indonesian Feasibility Study, technical studies,
permitting and land access and where practicable, further drilling, progress other projects
towards sale or joint venture, provide working capital and meet offer costs.
6. What price will I pay?
A$0.10 per Share. This is a 20% discount to the five-day VWAP immediately before
announcement (up to and including Monday, 2 November 2026) and a 13% discount to the last
closing price of Shares on that date. The price is fixed.
There is a risk that the market price of Shares may change between the date of the SPP Offer and
the Allotment Date. This means it is possible that, up to or after the Allotment Date, you may be
able to buy Shares on market at a lower price than the Offer Price. If the market price of Shares is
lower than the Offer Price after the Allotment Date, the price at which you will be able to sell your
SPP Shares, and their value, will be less than what you paid for them.
Accordingly, you should monitor the Company’s announcements and its share price, which can
be found on its website at https://fareast.gold/announcements and on the ASX website at
www.asx.com.au (ASX code: FEG).
You should be aware that your application, once made, is unconditional and cannot be withdrawn
even if the market price of Shares is less than the Offer Price.
7. Will I receive options? No. SPP participants receive Shares only.
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8.
Will applications be scaled
back?
Only if valid applications exceed A$3,000,000 (being the maximum amount FEG will raise under
the SPP Offer) or the maximum number of SPP Shares FEG may issue under the SPP Offer in
accordance with the ASX Listing Rules. If there is a scale-back, FEG intends to treat applicants
equally and scale-back pro rata to the number of SPP Shares applied for, although it may take
other factors into account (see clause 10). You may receive fewer SPP Shares than you applied
for and any excess application money will be refunded without interest in accordance with clause
12.
9. Is the offer underwritten? No. The SPP Offer is not underwritten.
10. How do I apply?
Access your personalised Application Form at:
https://portal.automic.com.au/investor/home. Pay by BPAY if you are an Eligible
Shareholder with an Australian bank account, or by EFT as instructed for Eligible Shareholders.
Use your unique payment reference as outlined in your personalised Application Form and ensure
cleared funds arrive by the Closing Date. Do not send payment to the Company directly. Payment
must be made as follows:
• Australia: if your registered address is in Australia, pay by BPAY® using the Biller Code
and unique reference number on your Application Form. You must hold an account
with an Australian financial institution that supports BPAY® transactions.
• New Zealand or Singapore: if your registered address is in New Zealand or Singapore,
pay by EFT using the account details and unique reference number on your Application
Form.
The Registry must receive cleared funds before 5.00pm (Sydney time) on Friday, 20 November
2026 (unless varied or extended). Your financial institution may have an earlier cut-off time for
electronic payments, so leave enough time for your payment to be processed.
You must quote your unique reference number exactly as shown on your Application Form. If you
do not, your payment may not be matched to your application and SPP Shares may not be issued
to you.
Once you have paid, you cannot withdraw your application. Do not send payment to the Company
directly.
11.
Must I return the
Application Form?
No, if paying by BPAY® or EFT, you do not need to return your Application Form. By making
payment, you are taken to have made the representations and certifications in clause 8. These
include that you have not applied for more than A$30,000 of SPP Shares in total. Custodians
must also provide a completed Custodian Certificate to the Registry.
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12.
I am a Custodian, how do I
apply?
If you are a Custodian and held Shares on the Record Date on behalf of one or more Eligible
Beneficiaries, the SPP Offer is made to you as the registered holder. You may decide whether to
extend the SPP Offer to your Eligible Beneficiaries.
To apply on behalf of Eligible Beneficiaries, you must:
• contact the Registry on Phone: 1300 288 664 (within Australia), or +61 2 9698 5414
(international) during between 8:30 am and 7:00pm (Sydney time) Monday to Friday.
• to get the Custodian Certificate and application instructions; and
• provide the Registry with a completed Custodian Certificate by email to
custodialcertificates@automicgroup.com.au by the SPP Closing Date.
When you apply, you certify that you have not applied for more than A$30,000 of SPP Shares on
behalf of any Eligible Beneficiary. This limit includes any Shares issued to you for that Eligible
Beneficiary under the SPP Offer or any similar FEG arrangement in the previous 12 months.
Applications from Custodians without a completed Custodian Certificate will be rejected. If you
hold Shares as a trustee or nominee but do not meet the definition of Custodian, you cannot
apply on behalf of beneficiaries. In that case the rules for multiple holdings apply. See clauses
2(d) to 2(g) and 8(b).
13.
When will I receive Shares
and any refund?
Shares are expected to be issued on Thursday, 26 November 2026 with holding statements
dispatched on Monday, 30 November 2026. Refunds will be made as soon as practicable after
close, in accordance with clause 12. No interest is paid on application money or refunds.
14.
What rights will the Shares
have?
SPP Shares will rank equally with existing fully paid ordinary Shares from issue, including voting
and dividend rights. Quotation remains subject to ASX approval.
15. Where can I get help?
Contact the Registry on Email: corporate.actions@automicgroup.com.au
Phone: 1300 288 664 (within Australia), or +61 2 9698 5414 (international)
during between 8:30 am and 7:00pm (Sydney time) Monday to Friday.
. If you are uncertain whether to participate, consult your financial or other professional adviser.
Terms and Conditions
1. SPP Offer
The SPP Offer entitles Eligible Shareholders of FEG to apply to purchase up to A$30,000 worth of Shares through this share
purchase plan. FEG intends to raise up to A$3,000,000 (before costs) under the SPP Offer.
2. Eligible Shareholders
(a) You are eligible to participate in the SPP Offer if you were a registered holder of Shares at 7.00pm (Sydney time) on Monday, 2
November 2026 (Record Date) with a registered address in Australia (and its external territories) New Zealand or Singapore,
unless:
(i) you hold Shares on behalf of another person who resides outside Australia (or its external territories) New Zealand or
Singapore; or
(ii) you are, or are acting for the account or benefit of, a person in the United States.
(a) FEG has determined that, due to foreign securities laws, it is not practical to permit Shareholders who are not resident in
Australia, New Zealand or Singapore to participate in the SPP Offer.
(b) Subject to ASX Listing Rule 10.12 (Exception 4) being satisfied at the Allotment Date, Directors who are Eligible Shareholders
may (without having to obtain prior Shareholder approval) participate on the same terms as other Eligible Shareholders.
(c) Shareholders who are joint holders of Shares are taken to be a single registered holder of Shares for the purposes of
determining whether they are an Eligible Shareholder, and the certification under clause 8(a)(vi)by one joint holder will be
effective in respect of the other joint holder(s).
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(d) Where a Custodian is a registered holder of Shares on the Record Date and holds Shares on behalf of one or more persons with
a registered address in Australia, New Zealand or Singapore who is not in the United States, or acting for the account or benefit
of a person in the United States (“Eligible Beneficiaries”), the SPP Offer is made to the Custodian and the Custodian has the
discretion whether to extend the SPP Offer to the Eligible Beneficiaries. If you are a Custodian who wishes to apply for SPP
Shares on behalf of an Eligible Beneficiary, FEG will not issue SPP Shares unless you submit an additional Custodian Certificate
that contains further certifications and details (required by the terms of the Instrument). Applications by Custodians that are
not accompanied by a duly completed Custodian Certificate will be rejected. If FEG is not satisfied with a Custodian Certificate
for any reason, it will not issue SPP Shares to the Custodian on behalf of the relevant Eligible Beneficiaries.
(e) Custodians must request a Custodian Certificate when applying on behalf of Eligible Beneficiaries. Contact the Registry on
Email: corporate.actions@automicgroup.com.au Phone: 1300 288 664 (within Australia), or +61 2 9698 5414 (international)
during between 8:30 am and 7:00pm (Sydney time) Monday to Friday for the certificate and application instructions.
Completed Custodian Certificates must be emailed to custodialcertificates@automicgroup.com.au by the SPP Closing Date.
(f) A Shareholder or Custodian will be ineligible to participate in the SPP Offer if their participation would be in breach of the
Instrument.
(g) If you hold Shares in the capacity of a trustee or a nominee for another person but you do not meet the definition of Custodian
in the Instrument, you cannot participate for beneficiaries in the manner outlined in clause 8(b). In this case, the rules for
multiple registered holdings as described in clause 6(c) apply.
3. Rights to apply for SPP Shares are non-renounceable
If you are an Eligible Shareholder, your rights under the SPP Offer are personal to you and are non-renounceable, which means
you cannot transfer your rights to another person.
4. Offer Price
(a) The Offer Price for each SPP Share is A$0.10.
(b) The Offer Price is fixed, regardless of any changes in the market price of Shares during the SPP Offer period.
(c) You acknowledge that the market price and value of Shares is subject to market volatility. This means that there is a risk that
the market price or value of Shares may change (i.e. rise or fall). This means the price you pay for the SPP Shares under the
SPP Offer may exceed or be less than the market price of the Shares on the Allotment Date.
5. Timing
(a) The SPP Offer opens at 9.00am (Sydney time) on Thursday, 5 November 2026 and closes at 5.00pm (Sydney time) on Friday,
20 November 2026, unless varied or extended. The Company proposes to issue SPP Shares on Thursday, 26 November 2026
and dispatch holding statements on Monday, 30 November 2026.
(b) FEG reserves the right to vary or extend the SPP Offer or the proposed Allotment Date at any time by making an announcement
to ASX.
6. Applying for SPP Shares
(a) Participation in the SPP Offer is optional. Eligible Shareholders may apply for SPP Shares in parcels valued at A$1,000,
A$2000, A$5,000, A$10,000, A$15,000, A$20,000, A$25,000 or A$30,000.
(b) The number of SPP Shares allocated to you is calculated by dividing your accepted application amount by the Offer Price,
rounded down to the nearest whole Share, subject to scale-back under clause 10.
(c) You may apply for up to an aggregate maximum dollar amount of A$30,000 worth of SPP Shares, even though you may receive
more than one offer (for example, because you hold Shares in more than one capacity), under the SPP Offer.
(d) If FEG receives an application for an amount of SPP Shares that is not equal to one of the above parcels, or a subscription of
over A$30,000 worth of SPP Shares, by an Eligible Shareholder through multiple or joint holdings, FEG may either:
(i) reject the application and refund, in full, any application monies (without interest); or
(ii) round down the dollar amount of SPP Shares that are applied for to the next lowest parcel and refund the balance of
any monies (without interest).
(e) If you are an Eligible Shareholder and wish to apply for SPP Shares under the SPP Offer, you must follow the instructions on the
Application Form and either:
(i) if you are an Eligible Shareholder resident in Australia, make payment by BPAY® in the appropriate amount in
Australian dollars using your customer reference number (which is required to identify your holding) and the biller code,
both of which are set out on your personalised Application Form; or
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(ii) if you are an Eligible Shareholder resident in New Zealand or Singapore, make payment via EFT using the details on your
personalised Application Form,
so that payment is received before the SPP Closing Date.
(f) Applicants should be aware that their own financial institution may implement earlier cut off times with regards to electronic
payment and should take this into consideration when making any electronic payment. It is the responsibility of the applicant to
ensure that funds submitted through BPAY® or EFT are received in time.
(g) Application Forms do not need to be returned when paying via BPAY® or EFT.
(h) You cannot withdraw or revoke your application once you have paid via BPAY® or EFT.
(i) FEG may accept or reject your application for SPP Shares at its discretion. FEG may reject your application in the following
circumstances:
(i) your Application Form is incorrectly completed, incomplete or otherwise determined by FEG to be invalid;
(ii) you have applied for SPP Shares with a total application price of less than A$1,000;
(iii) your application payment is incomplete or invalid;
(iv) unless you are a Custodian, it appears that you are applying to acquire SPP Shares with an aggregate application price
in excess of A$30,000 under the SPP Offer;
(v) you are a Custodian and you have not provided the required Custodian Certificate;
(vi) your application payment is received (or only clears) after the SPP Closing Date. Late payments will be refunded,
without interest, as soon as practicable following the issue of SPP Shares; or
(vii) FEG believes you are not an Eligible Shareholder (subject to compliance with any applicable ASIC requirements).
7. No attaching options
The SPP Offer is an offer of Shares only. No options attach to Shares subscribed for by Eligible Shareholders under this SPP
Offer.
8. Effect of Making an Application
(a) If you submit a BPAY® payment or pay by EFT:
(i) you will be deemed to have represented and warranted that you are an Eligible Shareholder and are eligible to
participate in the SPP Offer, you have read and understood these Terms and Conditions and you subscribe for SPP
Shares subject to and in accordance with these Terms and Conditions;
(ii) you acknowledge that you are an Eligible Shareholder using the unique payment reference number shown on your
Application Form for the purposes of the SPP Offer only;
(iii) you irrevocably and unconditionally agree to be bound by the Constitution;
(iv) you acknowledge the risk that the market price of Shares may rise or fall between the date of the SPP Offer and the
Allotment Date and that the Offer Price you pay for the SPP Shares may exceed or be less than the market price of the
Shares on the Allotment Date;
(v) you acknowledge your application is irrevocable and unconditional;
(vi) you certif
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