ADO 5.26% 2.0¢ anteotech ltd

Ann: Prospectus - Share Purchase Plan Offer and Options Offer, page-4

  1. 8,898 Posts.
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    For those musing on Undersubscription/Oversubscription issue or full entitlements.

    Please note the following from SPP notice.

    "The Company may, at its discretion, vary the closing date."

    If Anteotech deposits meet its desired, or perhaps ASX S7.1 15% rule, limits - then they may choose to close the SPP rather than wait until 3rd May. [likewise extended until a minimum is met]. Yes, I've seen both done before.

    If its approching oversubscribed, they may just play it out, given there are only 5 banking days left, or 3 by non OSKO or TT supported sources. So they may just let it roll and distribute either weighted or pro rata partial application blocks.
 
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