Part of the reason I don't like them. Waiting to know and then waiting to be refunded surplus funds.
I've tied up funds in other SPP's previously to have majority of the funds returned. I would have much rather the other way like last time where you are allocated a certain amount based on share holding. Then a certain % above which you can apply for but no guarantee.
At least then you know how much funds you are going to get at the bare minimum.
Wonder why they have done it this way this time around? Could it be they are going to accept the oversubscribed funds and have capped us at $30K. How much extra funds would that mean?
I would be gutted as have only applied for $1000 as expect it to be oversubscribed and imagine every shareholder will participate.
Looking forward to finding out shortly.
Ann: Share Purchase Plan Opens, page-123
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