To issue the 69m odd shares (and raise ~$16m) it takes around 550 sh to take up their full $30k entitlement in the SPP.
In this year’s AR, we have 2500 individual sh on the register. So, whilst it may be unlikely, it is possible. I’m very interested to see what eventuates.
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Ann: Share Purchase Plan - Shareholders Invitation to Participate, page-21
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