share purchase plan problem, page-34

Insider,
We will be very interested to hear how you get on from your 4th broker.
It would appear to contradict the following posted from a letter from Commsec:
As you may know, unlike dividends SPPs are not subject to system enforced protection of entitlement as they are not considered "pro-rata" events or an "entitlement" by ASX . It is not uncommon for Issuers to announce immediate or retrospective effective/record dates for these plans . A market is not quoted to reflect the SPP . There is no obligation on counterparties to deliver the ability to participate within an SPP.

Unfortunately, there was nothing in the circumstances which CommSec could have done to ensure that your purchase was settled in time for you to become a shareholder by the record date.

CommSec has made contact with MEO to discuss this matter with them and to ask MEO to do whatever it could to extend the SPP offer to you. (Our lawyers have also made contact with MEO and MEO's lawyers about this matter.) However, we understand that MEO is unwilling to take steps to extend the SPP to you at this time.

If you wish to make a complaint about this matter, we ask that you contact MEO and refer specifically to the statements made by MEO in their announcement of 5 June 2007. If you wish, you may provide them with a copy of this letter.

CommSec regrets that your purchase was not settled on the due date and that this resulted in you not becoming a shareholder of MEO until after the record date. However, you will appreciate that it is a matter beyond the control of CommSec. While this outcome is undoubtedly unsatisfactory I hope that the above has helped explain the circumstances of the matter.

I look forward to you telling us whether the selling broker delivers the stock or not.