Actually, it could be A LOT clearer.
How about saying the offering is 1 for x shares you hold. But give people the opportunity to invest more in case of undersubscription.
That is the way they have traditionally been done - and it is so much more clear than the mess this is. You can't even divide by cap as that includes institutional holders, when this is just a subset, which isn't defined. This is high on opaqueness.
Ann: Completion of Share Purchase Plan, page-41
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Last
$18.04 |
Change
-0.160(0.88%) |
Mkt cap ! $1.227B | |||
| Open | High | Low | Value | Volume |
| $18.35 | $18.41 | $17.97 | $4.846M | 266.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $18.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.15 | 517 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CCP (ASX) Chart |