My two bobs worth two factors to used and allocation is the lower of
Number of shares you hold prior to SPP [ say 7000 ] Total shares on issue prior to app [ my workings approx. 80,825,940 ] Divide shares you hold by total shares on issue currently and multiply this amount by new assumed shares on issue 80,825940 plus new ones 7,8000,000 i.e. 88,625940 works out to be 7675 which means I get 675 new shares (7675 - 7000 ) because it is lower than my application amount in my case and I get a refund for the balance,
any one disagree with my methodology
Cheers
NCM Price at posting:
$29.84 Sentiment: Hold Disclosure: Held