my read on it is that a % rating of scale back wilt be calculated and applied to all. so for an example, lets say there are 2,000,000 shares on offer, and the holding amounts of everyone that applied totals 100,000,000. the amount available is 2% of the total, so each applicant would receive 2 new shares for every 100 of the old shares they hold. if your application was for less than the amount scaled back in your name, then you will receive the full amount you asked for, with any spares going back in the pot and shared amongst the others. eg, if the 2% scale back example above applied, and you had 100,000 shares, then you could get 2000 new shares. however if you only applied for 1000, then you get the full 1000 you asked for, with the other 1000 being available to be given to others who got less than their application.
DW8 Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
(20min delay)