'So, it was fully allocated without going to the underwriters. Is this correct?'
Almost - there was no formal underwriting. The two instos agreed to take $5m between them for a 6.25% fee. Effectively underwritten in all but name.
So unless they are truly long term holders there are 325m shares overhanging the market.
Ann: Entitlement Offer Results and Shortfall Notification, page-4
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Last
$1.16 |
Change
-0.010(0.86%) |
Mkt cap ! $21.74M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.17 | $1.14 | $80.47K | 69.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2150 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 7380 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| OSL (ASX) Chart |