This is a surprise (or mistake?). The entire offer raised $85.1m. In a previous announcement, the manager scaled back applications, because they received 119% more than they were looking for. Yet, according to this announcement, AFI managed to get an allocation of 6,535,948 new shares or $20m worth?
As of December 31, 2024, AFI had only 8,728,000 MIR shares, therefore, their basic entitlement would be about 1,246,857 shares (8,728,000 ÷ 7). Even if AFI bought more MRI shares after December 31, I can't see how it could have been enough to merit the right to purchase 6,535,948 in the entitlement offer (would have triggered a substantial shareholder notice).
Ann: Notice of initial substantial holding from AFI, page-2
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Last
$3.35 |
Change
0.020(0.60%) |
Mkt cap ! $745.4M | |||
| Open | High | Low | Value | Volume |
| $3.34 | $3.37 | $3.31 | $419.3K | 125.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8800 | $3.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.37 | 7900 | 3 |
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| Last trade - 15.33pm 18/07/2025 (20 minute delay) ? |
| MIR (ASX) Chart |