Ann: Announcement of completion of SPP, page-3

  1. 544 Posts.
    lightbulb Created with Sketch. 91
    Anyone understand how the scale back works?

    SPP is raising $260m and $429.4m worth of applications were received but ANN states 'As set out in the terms and conditions of the SPP Booklet released to the ASX on 5 May 2020, the scale back is being made on a pro rata basis to existing security holdings, with no minimum allocation and no reduction to the $30,000 maximum cap.'

    Am I reading correctly that if for example I hold 1% (wishful thinking) of the shares held by those that applied I am entitled to 1% of the SPP? If this is correct then there is no way to no how many we will get until the shares are issued on 4/6.

    As a side note: Only 40.7% of holders applied which I am surprised by.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$5.47
Change
-0.020(0.36%)
Mkt cap ! $3.775B
Open High Low Value Volume
$5.47 $5.55 $5.43 $5.065M 926.3K

Buyers (Bids)

No. Vol. Price($)
2 762 $5.46
 

Sellers (Offers)

Price($) Vol. No.
$5.47 9278 1
View Market Depth
Last trade - 16.10pm 04/07/2025 (20 minute delay) ?
LLC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.