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Ann: General Meeting & Share Purchase Plan - Timetable Update, page-4

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subi1

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16/04/24

22:34

Post #: 73376647
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Originally posted by pablo2: ↑

Pinecone, I suppose it’s quite simple really. When the SPP kicks off around Apr 23 we should be offered them by our brokers at c11.5. One then stumps up the cash for up to AUD$3,000 and put in your bid.

If the total bid for is less than AUD$3m, then you’ll get all you ask for. If more than AUD$3m then there will be scaling back.

This is usually done pro rata which I think is unfair but there may be a minimum guaranteed success.

Imagine some rich cat bids for AUD$6m on his own and the rest of us bid for AUD$3m. So, total bid is AUD$9m or 3 X oversubscribed. The simplest (and unfair) way to allocate is then to say everyone gets one third their bid.

So, fat cat gets AUD$2m worth of shares(and associated options) and the rest of us split AUD$1m(and options).

I’ll email this scenario to Dave to try to pre-empt it.

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It is usually a max. of $30,000 for each account you hold shares in. You can bid for less but not more in most cases that i have seen.

We will find out when they send the forms out.

CAI Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 12.5¢		Change 0.000(0.00%)		Mkt cap ! $101.8M

Open	High	Low	Value	Volume
12.0¢	12.5¢	11.5¢	$122.1K	1.015M

Buyers (Bids)

No.	Vol.	Price($)
2	54198	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	1052418	16

View Market Depth

No.	Vol.	Price($)
2	54198	0.120
17	1734356	0.115
17	958130	0.110
9	803750	0.105
13	1368000	0.100

Price($)	Vol.	No.
0.125	1052418	16
0.130	945945	10
0.135	818378	10
0.140	952145	13
0.145	341266	4

Last trade - 16.10pm 05/06/2024 (20 minute delay)


Last 12.0¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
12.0¢	12.0¢		11.8¢	428385
Last updated 15.37pm 05/06/2024 ?

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