Phone calls to holders for SPP is common as they want to meet the minimum requirements of the amount being raised. It’s in the interest of holders to delay taking it up as price is key as you want to be in the money. Hence it can be a mad rush at the final day, I have worked at computershare and have seen it before with several placements.
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- Ann: Byron $16m Placement and $4m SPP
Ann: Byron $16m Placement and $4m SPP, page-144
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