One important thing will be how EMS does any scaleback. $10M is not that much and hopefully the offer doc will say how the scaleback will be done. Having been through 2 very popular CRs recently the cos scaled back in proportion to the existing holding as at the entitlement date rather than a uniform percentage of the number of shares applied for. In one CR got 4.75% of my holding and 12% in the other. Essentially the larger shareholders get proportionally more (up to 100%).
If it is a proportional scaleback here then a small shareholder applying for $30K could get sfa so may not be wise to sell any ok shares just to raise 30K and then get almost all refunded.
Ann: Successful completion of A$68m institutional placement, page-4
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Last
$1.55 |
Change
-0.085(5.21%) |
Mkt cap ! $298.1M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.61 | $1.53 | $794.6K | 510.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1318 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 1990 | 1 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| EOS (ASX) Chart |