IXR 0.00% 1.1¢ ionic rare earths limited

General Chat / Discussion, page-130

  1. 570 Posts.
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    No that's not true. A company can facilitate as many SPPs as it wants as long as it limits shareholder's subscription to a max of 30K in a 12 month period. If a shareholder had already gained 30K from a prior SPP within a 12 month timeframe then they would be ineligible to participate in the next one, but that would not prevent other retail holders from participating up to 30K or a pro rata portion if a prior amount had been allocated in a prior SPP. Tim may have mentioned this as IXR may not want to do more than 1 every 12 months to reduce the need of checking thresholds to make sure they're not exceeding the 30K, but it's not a market restriction in itself preventing companies from facilitating more than 1.
 
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