MTS 1.59% $3.72 metcash limited

Ann: Completion of Share Purchase Plan, page-2

  1. 460 Posts.
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    Interesting result.
    25mm initial intended raise from retail, directors have increased acceptance to 60mm. However scaleback required as they recieved 150mm odd.
    The oversubscription, is a good indication of retail's confidence in the stock (and in part reflective of a nice little stag profit in the offering).
    No huge detail as to the actual paring back per individual holder, however I hope it will weed out some of the Johnny come latelys that tried to get on the band
    wagon, and the long term holders are rewarded.
    Glta
 
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