I think there is a 15k limit on each shareholder.... if i read it right... so actually if a shareholder wanted to buy more they could not. So its about inclusiveness, hopefully right before a big announcement, and not about raising as much as they possibly can.
The record date was yesterday , so johnny come latelies cannot access it. It is for the 'faithful'. Matakus a wink at you.
If its not its a really low tactic to just raise whatever they can 'busker style'.
On behalf of the board of Invion Limited ACN 094 730 417 (ASX: IVX) (Invion or Company), we are pleased to offer you the opportunity to purchase up to $15,000 in additional shares in Invion under this share purchase plan (SPP). The SPP will be available to shareholders who are on the Company register at 7.00pm (Sydney time) on 9 November 2015 (Record Date), and having a registered address in Australia or New Zealand (Eligible Shareholders). The SPP gives Eligible Shareholders the opportunity to purchase additional shares in Invion at the price per share which is equal to a 10% discount to the five day volume weighted average price (VWAP) of Company shares traded on the ASX up to and including the day before the Allotment Date.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Matakus a wink at you.
(20min delay)