Australia's largest stock trading and investment forum Australia's #1 stock forum

SMP

Click for more information

0.00%

$1.16 smartpay holdings limited

Ann: Share Purchase Plan Offer, page-4

First 4 Last

Share
Profile

Follow
Klogg

3,595 Posts.

479

29/05/20

10:49

Post #: 44913335
Share

Originally posted by PutUsernameHere: ↑

Hey mate, the scaleback will only apply to those who are seeking to participate in the SPP.

To make it easy in large numbers: they've stated a cap of $2,000,000, and that everyone can apply for up to $30,000 each. So say that when the SPP closes they have applications to participate totaling $4,000,000. It's likely that everyone's application would be scaled back by 50% to be fair across the board.
So if you applied for $4,000, you'd only be accepted for $2,000, and you would receive a $2,000 refund at some stage thereafter.

The above is just to demonstrate how it might work. The scalebacks could be smaller or larger depending on how many investors apply. SMP may also have specific purchase package amounts; i.e. $1,250; $2,500; $5,000; $10,000; etc.
And it's at SMP's discretion how they apply the scalebacks. If the SPP is 75% full within the first couple of days, those persons might get their full application, and everyone else that applies after might be scaled back.

Expand

" Should scaling be required it will be by reference to existing shareholdings"

It sounds like they're scaling back depending on the size of current holdings. So those with larger holdings will get a greater proportion of the $30k.

I could be wrong

SMP Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

FXG

What on earth is antimony – and why are ASX traders going crazy for it? + 6 stocks to watch

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

The Rising Tide: How institutional adoption is shaping the future of crypto

There are more pages in this discussion • 8 more messages in this thread...

First 4 Last

Add SMP (ASX) to my watchlist

(20min delay)
Last $1.16		Change 0.000(0.00%)		Mkt cap ! $279.6M

Open	High	Low	Value	Volume
$1.16	$1.17	$1.16	$13.93K	12.01K

Buyers (Bids)

No.	Vol.	Price($)
1	1433	$1.16

Sellers (Offers)

Price($)	Vol.	No.
$1.18	7	1

View Market Depth

No.	Vol.	Price($)
1	1433	1.155
1	800	1.150
1	243	1.145
1	16823	1.140
3	16900	1.110

Price($)	Vol.	No.
1.175	7	1
1.190	913	1
1.195	8653	1
1.200	16876	2
1.210	9907	1

Last trade - 13.39pm 28/08/2024 (20 minute delay)

SMP (ASX) Chart

SPONSORED BY