It supports the company by providing it capital to continue operations. This is obvious and does not really even warrant an answer.
It dilutes the shareholders, which are not the company.
A capital raise always benefits the company balance sheet.
In fact, I'd way prefer dilution via a capital raise issued to retail shareholders compared to the wanton issuing of shares via perfromance rights etc.
Ann: Share Purchase Plan Document, page-5
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Last
46.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.71M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 46.5¢ | $2.721K | 5.852K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10891 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 100000 | 3 |
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| Last trade - 15.51pm 29/07/2024 (20 minute delay) ? |
| SCL (ASX) Chart |