I can't tell from the announcement if that is 70% of entitlements only, or if it also includes funds already received in application for shares in excess of the entitlements
From memory, shortfalls are usually allocated pro-rata at the same time as entitlements, if there are excess applications? That it would take up to 3 months to do so makes me think that the amount raised just announced includes already received shortfall applications?
I didn't apply for any more than my entitlement but would be curious to hear, from those who did, whether they'll get additional shares in their portfolio already (when these show up)
I could be completely wrong on my understanding of shortfall applications or any of the above and I am happy to be corrected
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- Ann: Entitlement Issue closes raising $8.8M
Ann: Entitlement Issue closes raising $8.8M, page-4
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