it's worth explaining here why the shortfall:
- key board members who combined hold almost $100M of shares would not have the spare funds to take up their rights (and the market will punish them anyway, if they sold shares to take up their rights).
- international holders such as funds and key company insiders with substantial holdings are actually restricted from participating due to regulatory rules.
if you exclude the above, I estimate less than 1% of holders didn't act on their entitlements
Ann: Retail entitlement offer completed, page-6
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Last
82.0¢ |
Change
0.020(2.50%) |
Mkt cap ! $307.6M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 82.3¢ | 80.0¢ | $4.518M | 5.524M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4682 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 38868 | 2 |
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