Often they held a marketable parcel and when they sold, they kept one share so they could participate in discounted share purchase plans. It is rare for a company to call out this practice. It disproportionately costs the company to administer small holdings and send out annual reports and SPPs or rights issues. So hats off to NWH.
(As an aside, I have a company that recently completed an unmarketable parcel sale facility. Some didn’t sell in the hope of a discounted SPP. The company has since come out and announced a rights issue, which I think is the fairer way. Even if they participate they will only be able to buy an unmarketable parcel.)
Ann: NRW Share Purchase Plan, page-40
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NWH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.53 |
Change
0.020(0.57%) |
Mkt cap ! $1.606B | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.55 | $3.46 | $2.668M | 758.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13590 | $3.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.53 | 2416 | 1 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| NWH (ASX) Chart |