People shouldn't get too excited about the forthcoming SPP @31.5c given only a maximum of 126m shares will be issued. There are currently 15000 shareholders with 1100 owning more than 100,000 shares each. If 2800 shareholders each take up max entitlement the full allocation of shares would be taken up. Hence there will be considerable scale back.
Maybe SXY should have doubled the SPP limit, page-55
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