share purchase plan problem, page-37

The broker who FAILED to deliver on time can do the following:

The entitlement is with them (as they were the reg. holder as at record date).

If the SELLER has sold the exact amount of shares from them to you (eg they held 5,000 shares and bought 5,000) then its a simple for them to do, at no cost.

That broker applies for the SPP on YOUR BEHALF.
You send them the chq payable to MEO. They then, together with your cheque and their entilement, send the application out to the registery.

the stocks will then be allocated to the HIN (of the other broker). Once allocated, they then Transfer the stock over to your HIN.

If howevere, the SELLER still holds MEO shares (partial sell), and that holder also wants to take up the SPP offer. The broker than has NO CHOICE but to buy additional shares ON MARKET (these additional shares will equal your SPP entitlement).

You will send them a cheque for $5,000 (or to your broker who will onforward it to the other broker).

Once they have purchased the shares, they then will deliver the shares to your HIN

hope this is of assistance