Yes, you're correct!
When the booklet arrives in the mail it'll have a personalised acceptance form.
There'll usually be one space for the 'core entitlement' of say 100 shares.
The second will be for any addiotnal shares you apply for, which in this case cannot exceed your original entitlement.
If subscribing for the maximum, you'd then pay for 200 shares.
I prefer to mail in the application with a cheque, usually by Express Post. Others may use BPay to pay, but I am always concerned about the security of internet banking as occasionally there are horror stories.
Directors retain the discretion to knowck back oversubscriptions (for the 'additional shares', i.e. the second tranche above) but in JLG's case I'd be surprised if they did.
Highly likely that as with the SDF (Steadfast Insurance) SPP, all applications will be accepted in full. The SDF offer allowed one to subscribe for a maximum $30000 in shares. This one from JLG is structured differently.
(As a point of interest, SDF owns five per cent of JLG. I didn't even know about SDF until I found that out when purchasing JLG).
Don't worry about 'having to learn'. There are many things I don't understand, although I know well I'm no Warren Buffett.
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