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Ann: Share Purchase Plan Offer Booklet, page-26

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BrkONthru

58 Posts.

21/08/20

15:35

Post #: 46723763
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Originally posted by tina25: ↑

The dates apart from the record date are variable. The board needs to state that for legal reasons to cover themselves from circumstances beyond their control and possibilities not known at the time of the release.

The board would not change the closing date as this will get them offside with the Exchange creating bad blood with the smaller shareholders. This SPP is put on for the small shareholder. It has been stated as follows.....

If Splitit elects to scale back the number of SPP Shares to be issued under the SPP Offer, the scale back may not necessarily be on a pro rata basis. Splitit may decide to allocate a minimum amount to all applicants, which may be less than the minimum amount Eligible Shareholders would be entitled to subscribe for under the SPP or less than the parcel of SPP Shares for which you have applied. In implementing any scale back, Splitit will ensure that smaller Shareholders can obtain a meaningful allocation which may be more than their pro rata allocation.

Meaning that smaller shareholder will be looked after.

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Agreed. IMO it makes sense to keep it going for the allotted time. It creates healthy anticipation and in healthy times that means more (new) buyers. Also I agree that it follows through on their sentiment of caring for the smaller holders some of which have been supporting from early days.

SPT Price at posting: $1.45 Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Share Purchase Plan Offer Booklet, page-26

Top Stories

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

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