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Yes Mattocks, I agree in general with your workout and that...

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jeffw

1,062 Posts.

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03/06/20

12:34

Post #: 45007227
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Originally posted by mattocks ↑

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

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Yes Mattocks, I agree in general with your workout and that approximates with an earlier poster who gave a ballpark figure of 2/3 of application amount.

NCM Price at posting: $29.87 Sentiment: Hold Disclosure: Held
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