This would be a fair methodology for at least two reasons.
First they mentioned this as a possible approach in the offer document. Second (as many on here have mentioned) it doesn't seem fair that an existing holder of say 6 shares should receive the same windfall gain* as an existing holder of 6000 shares.
*Of course it's still possible that the windfall gain will in fact be a loss!
Ann: Share Purchase Plan Offer Closes Oversubscribed, page-13
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Last
$14.65 |
Change
-0.080(0.54%) |
Mkt cap ! $16.83B | |||
| Open | High | Low | Value | Volume |
| $14.52 | $14.66 | $14.43 | $40.32M | 2.762M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14533 | $14.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.66 | 15766 | 3 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| NST (ASX) Chart |