If that is the case then they should have announced that in the letter - It is misleading but nowhere did they say that they were not giving you everything you applied for. They do use the words " accepted applications" - does that mean they decided on a case by case basis. I always believe its shareholders first and then the underwriter. Doesn't always get dealt with that way but why not give it too an existing shareholder.
I would be unhappy if I applied for more and didn't get my full allocation.
Ann: Rights Issue Close and Shortfall Notification, page-16
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Last
42.0¢ |
Change
-0.015(3.45%) |
Mkt cap ! $695.2M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 42.0¢ | $211.5K | 496.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 43075 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 50000 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PGC (ASX) Chart |