They don’t cherry pick. If oversubscribed they will scale back to a level they want to raise. The scale back will provide a minimum for all those who applied and more than likely the balance is on a prorata basis on your current level of holding.
These are examples of two of the SPPs I was involved last year
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02238809-3A541863?access_token=83ff96335c2d45a094df02a206a39ff4
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02245167-2A1231077?access_token=83ff96335c2d45a094df02a206a39ff4
Ann: Trading Halt, page-80
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19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $558.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2720 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 40553 | 2 |
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