3546 participants with minimum $1000 = 151 shares per participant. $3,547.330 distributed from $15 million to be converted to shares.
This leaves $11,452,670 worth of shares (1,728.705 shares @ $6.63) to be distributed amongst 3,546 participants, all with variable holdings and unknown application amount.
Dividing 1,728,705 shares amongst 3546 participants = 488 shares each + the minimum 151 shares = allocation of 639 shares each.
Average shareholding of all those with 100,000,000 or less is 4125 shares.
So...my guess is that those currently with 4125 shares and applying for the maximum ($30,000) would get 151 + 488 shares. those with 1,000 shares and applying for $5,000 would get 151 plus about another 151. Those with 12,000 shares and applying for $30,000 (me!) would get 151 plus about 1,000 more.
Huge assumptions and guesswork and back-of-envelope estimations. I stand to be corrected and Friday will see what actually happens!
3546 participants with minimum $1000 = 151 shares per...
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$10.30 |
Change
0.090(0.88%) |
Mkt cap ! $1.858B | |||
| Open | High | Low | Value | Volume |
| $10.19 | $10.36 | $10.14 | $3.939M | 383.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 452 | $10.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.33 | 939 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| DDR (ASX) Chart |