I participated in the PLS SPP back in April/May 2016. They were raising $15m but received in excess of $50m from 3,700 holders. The purchase options were similar - $5k, $10k or $15k from memory. It's at the company's discretion how they allocate the shares, but PLS ruled out any holders with less than a certain number of shares (5,000 units) at a certain date prior to allocation and of the remaining applicants, they scaled back applications by roughly 40% regardless of which tier you applied.
By ruling out applicants with less shares than the threshold, they actually rewarded those holding rather than those who sold prior to allocation. Pretty clever IMO!
- Forums
- ASX - By Stock
- MEI
- MEI Fundamentals
MEI Fundamentals, page-39
-
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEI (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $213.0M |
Open | High | Low | Value | Volume |
9.4¢ | 9.7¢ | 9.2¢ | $361.8K | 3.833M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14853 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 172380 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14853 | 0.092 |
1 | 50000 | 0.091 |
6 | 215945 | 0.090 |
1 | 11240 | 0.089 |
3 | 62500 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 172380 | 1 |
0.096 | 69577 | 2 |
0.097 | 10000 | 1 |
0.098 | 10204 | 1 |
0.099 | 60000 | 1 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
Featured News
MEI (ASX) Chart |