AIO 0.00% $9.13 asciano limited

Ann: Asciano completes Retail Entitlement Offer , page-15

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  1. 2,599 Posts.
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    re: Ann: Asciano completes Retail Entitlement...
    Top of the morning,

    From the ANN:

    "It is proposed that the board of Asciano will meet to consider whether or not Asciano will proceed to offer a security purchase plan, and if so on what terms."

    Does anyone have any ideas what they are referring to here?

    I don't understand why they need a SPP whan 200 Mil has been returned and oversubscribed from theretail offering.

    Could this be in case resolution 3 is not successful?

    Any ideas?
 
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