@Stoked1 ... The PLS issue last year was a rights issue 1 for every 7.6 held not a SPP.
@Paulweller66 .. The NVX planned to do a SPP in March this year but deferred it. It was going to be for $15m.
The $30k per shareholder is the maximum allowed per shareholding as per ASIC rules for a Share Purchase Plan. For other methods like the PLS rights issue, there is no limit per shareholding. Rights issues need more compliance of information than a SPP.
Up to a couple of years ago the limit for a SPP was $15k per shareholding, and back a further 10-12 years is was only $10k IIRC.
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Ann: Share Purchase Plan Offer Document, page-74
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