Tren is correct that there would have to be a scaleback clause. They are only offering $205mil of new shares to retail holders so unless retail holders own less than 427mil market cap based on todays share price (if my maths is correct) then there is a possibility of oversubscibing.
Here are some examples of entitlement offers that have had to scale back. Bendigo Bank & Reece Group
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Last
51.5¢ |
Change
-0.005(0.96%) |
Mkt cap ! $1.477B |
Open | High | Low | Value | Volume |
52.5¢ | 53.0¢ | 51.5¢ | $2.056M | 3.954M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 276936 | 51.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.0¢ | 56930 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 276936 | 0.515 |
18 | 2167837 | 0.510 |
13 | 485120 | 0.505 |
37 | 1978436 | 0.500 |
7 | 159365 | 0.495 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 56930 | 3 |
0.525 | 228819 | 9 |
0.530 | 638305 | 17 |
0.535 | 329644 | 6 |
0.540 | 506176 | 12 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
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