I am expecting a severe SPP scale back. You get 1/3rd or less.
"the maximum number of Shares which can beissued under the Plan is limited by the ASX Listing Rules to a maximum of 75,738,641 Shares"
This is about $9.5M.
I think DRO is the type of company that will take all they can.
I estimate 60% of the 3,731 shareholders will apply with an average of $15K.
This means $33M has been sent to DRO for the SPP.
So applicants will get 30% of their application.
DRO might introduce some sort of sliding scale in the scale back - that seems a popular way lately.
https://www.marketindex.com.au/asx/dro
Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over Total Shareholders No. of Shareholders 83 1,229 742 1,445 232 3,731
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I am expecting a severe SPP scale back. You get 1/3rd or...
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