AAX 0.00% 39.5¢ ausenco limited

share offer, page-24

  1. J.L
    417 Posts.
    Blackrivered, I was holding at the record date but will not be holding at the closing date. Apparantly they may be looking at who is holding at the closing date in the event of a scaleback. From the SPP:

    'Factors that Ausenco may take into account in determining any Scaleback include, but are not limited to, the amount applied for by each shareholder under the Plan, the number of shares held at the Record Date and whether the shareholder remains on the register on the Closing Date. Ausenco may scale back applications below the Minimum Application Amount'.

    I'm still quite nervous about the market and feel the rally may run out of steam and we may see significant falls in coming months. Hence couldn't resist locking in some profit on AAX, even if it may affect my eligibility in the event of a scaleback.

    Hopefully they will not look at after record holdings as you mentioned. However, I do believe there will be a lot interest in this SPP and they may wish to scaleback.

 
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