BMN did this back in 2022, issuing a lot more shares than originally planned.
How they framed it was basically if you had a holding much larger than the amount applied for you got full amount, if your holding was less than or a little above what you applied for you were scaled back.
While it will be disappointing to be scaled back with the price now at a premium to the offer price, could have bought shares under the issue price in the days following the announcement of the placement and there is a fair chance that we trade under the offer price again at some stage over the next 12 months if patient enough to wait for the inevitable dip.
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