Yes I agree, as i have been saying it will be based on original allocation, not original shareholding, otherwise they would have done a rights issue. Why would they go back an work out based on shareholding.........an SPP allows you to participate on the same terms as all other shareholdings regardless of size. A rights issue allows you to participate based on number of shares held.
Ann: Share Purchase Plan Offer Closes Oversubscribed, page-67
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