I really feel for you overseas investors getting treated like second class citizens. If you can invest directly in a company like RAC you should be able to participate in a capital raise.
It is a bit like the 708 sophisticated investor rules where it is OK for non-708 investors to buy as much stock as they like on market of a particular company, but they can’t participate in a capital raising. I have seen it suggested that everyone should be allowed to buy some fraction of their holding in a company in a normal capital raise even if they are not a 708 investor.
Ann: Race raises $29.7 million in oversubscribed SPP, page-302
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Last
$1.54 |
Change
-0.015(0.97%) |
Mkt cap ! $261.5M | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.55 | $1.50 | $111.4K | 73.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 1400 | 1 |
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| RAC (ASX) Chart |