I have a question about participating in the entitlement offer opening up on Monday.
There appears to be many clauses in the prospectus, one of which is that decisions about any shortfall in the top-up facility and scale back could come down to this and that (selling and buying history since record date, when application was made etc).
(2.6 - Page 19) "However, the Company may in its absolute discretion determine to apply the scale back to the extent and in the matter it sees fit, which may include taking into account a number of factors such as the size of shareholdings at the Record Date, the extent to which Shares have been sold or purchased since the Record Date, the date on which an Application was made and the total Applications received from Eligible Shareholders."
I've not participated in or been as keen to participate in a top-up facility before.
My question is - is it only 1 x BPAYment permitted for the entitlement (as in the costings of both the entitlement amount plus whatever it is that you wish to apply for in the top-up facility), or are you able to BPay on Monday for the entitlement component and then BPAY a further amount at a later date, (before the 29th of November) to have application and funds there for the top-up facility?
The basics of the question is probably, 'to participate in the entitlement and top-up, can it be done with multiple payments'?
ANP Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
