DRO 2.79% 92.0¢ droneshield limited

Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-513

  1. 4,802 Posts.
    lightbulb Created with Sketch. 2356
    "Whats the chances of them shutting it early" - Zero. The company would be required to provide advance notification of the updated closing date. I'm too lazy to look for any specific regulation or rule relating to adjusting the timetable for a share purchase plan, but the catch-all minimum notification period is five clear business days. So if they get notification out on the ASX on Monday 29th, the earliest they could close the offer (assuming 5 days notification) is close-of-business on Monday 6th May. That's only four days before the original close date. It's hard to see what benefit the company would gain from closing the offer early to offset the costs involved in changing the date. It's not like the company is short of cash.
 
watchlist Created with Sketch. Add DRO (ASX) to my watchlist
(20min delay)
Last
92.0¢
Change
0.025(2.79%)
Mkt cap ! $665.5M
Open High Low Value Volume
89.0¢ 92.5¢ 87.5¢ $3.015M 3.323M

Buyers (Bids)

No. Vol. Price($)
3 17093 92.0¢
 

Sellers (Offers)

Price($) Vol. No.
92.5¢ 17300 2
View Market Depth
Last trade - 16.10pm 24/05/2024 (20 minute delay) ?
Last
92.5¢
  Change
0.025 ( 3.41 %)
Open High Low Volume
88.5¢ 92.5¢ 87.5¢ 741248
Last updated 15.59pm 24/05/2024 ?
DRO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.