PEX 7.41% 12.5¢ peel mining limited

94% refundedToday a refund of 94% of my shortfall application $s...

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    94% refunded
    Today a refund of 94% of my shortfall application $s appeared in my linked bank account.
    Only 6% of my application for shortfall PEX was granted.

    Guess the underwriter preferred to be the one collecting the 43% windfall gain on 17.5c PEX shares.

    37,960,203 Total Shares offered
    30,969,368 Entitlement Offer Acceptances
    1,809,189 Acceptances from eligible shareholders under the Shortfall Offer
    5,181,646 Shortfall Shares to be placed with the Underwriter

    Glad the repayment was prompt. But really, I would have preferred there was no refund.
 
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