NAB 0.97% $39.54 national australia bank limited

Ann: NAB announces results of Share Purchase Plan Offer, page-8

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  1. 159 Posts.
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    It's not entirely clear this announcement. If you have say 1000 shares and applied for $30,000 worth of shares how many will you pick up in the SPP?

    Surely the announcement could say for every 20 shares you have, you will receive 1 new share under the SPP if you applied over and above the $2,500... or whatever the pro-rata equates to.

    The key question people have is not being answered.
 
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