Or does it mean pro rata on your existing share holding?
Megaport received applications in excess of $47.6 million. The Board of Megaport has determined, based on an assessment of its capital requirements, to cap shares issued under the SPP to $10 million (2,500,000 fully paid ordinary shares), with applicants to be scaled back on a pro-rata basis. Shares will be issued at $4.00 each.
This would mean with 2,500,000 new shares available, and about 125,000,000 shares on issue, you might expect a minimum of 2% of your shareholding, but somewhat more, depending on the number that did not participate, and the percentage of who are classified as "retail shareholders"
Or does it mean pro rata on your existing share holding?...
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