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
I am expecting a severe SPP scale back. You get 1/3rd or...
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Last
$1.56 |
Change
0.020(1.30%) |
Mkt cap ! $1.189B | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.61 | $1.54 | $12.78M | 8.158M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 32527 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 11284 | 2 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| DRO (ASX) Chart |