MTS 0.13% $3.76 metcash limited

Ann: Completion of Share Purchase Plan, page-2

  1. 459 Posts.
    lightbulb Created with Sketch. 90
    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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