The scale-back could easily be 50% or more if (as expected) most shareholders apply. However, the scale-back may not be uniform across the subscription range: it’s common in these circumstances to accept in full those applications below a certain (low) threshold, and then to apply the scale-back only to applications beyond that level. If the scale-back is large it’s also likely that a maximum entitlement will be set, probably well below the maximum application allowable under the offer (I.e., $30,000).
Ann: A$60M Equity Raise to Fund Restart of Production at Lance, page-103
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $292.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $669.4K | 6.240M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 89 | 9385428 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 2056804 | 10 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
-0.005 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 10.8¢ | 11.0¢ | 10.5¢ | 1280850 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| PEN (ASX) Chart |