Following completion of the Capital Raising, Toyota Tsusho will hold 15% of Orocobre's issued capital on a fully expanded basis. (The term “fully expanded basis” means Orocobre’s issued share capital after completion of the placement of the Tranche 1 Shares, the issuance of the shares under the Entitlement Offer and the placement of the Tranche 2 Shares)
Two year standstill agreement which caps Toyota Tsusho’s relevant interest in Orocobre shares at 15% on a fully expanded basis, subject to certain exceptions
Anti-dilution rights for two years but subject to Toyota Tsusho having a relevant interest in at least 10% of the shares
There is certainly a cap on buying but appears to be no restriction on selling
ORE Price at posting:
$2.38 Sentiment: Buy Disclosure: Held
