"..........When determining the amount (if any) by which to scale back an application, the Company may take into account a number of factors, including the size of an applicant’s shareholding, the extent to which Eligible Shareholders have sold or bought additional Shares after the Record Date, and the date an application was made. You are therefore encouraged to apply for New Shares under the SPP Offer early."
Wouldn't it be beautiful if people sold down above 16 to fund the SPP, then got locked out because they were a seller (this will be oversubscribed), then got squeezed trying to come back in- in the week they are suggesting they will flare gas.
I wouldn't be surprised if this SPP is closed by Thursday
DYOR
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- Ann: Share Purchase Plan Offer Documents
Ann: Share Purchase Plan Offer Documents, page-2
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