i dont know where some of you are getting the other info from but i'd suggest from the NR :-
4.5 The Board reserves the right (in its absolute discretion) to allocate fewer, or no, New Shares
than an Eligible Shareholder applies for under the SPP, including, without limitation, in the
event that the SPP is oversubscribed at its absolute and sole discretion (Scale Back).
When determining the amount (if any) by which to scale back an SPP application, the Board at
its absolute discretion may determine and approve the methodology to be applied and may
consider a number of factors, which may include, but not necessarily be limited to: the size of
an applicant's shareholding in the Company after the SPP record date, the movement in
shareholding between the record date and the closing date of the SPP and ensuring applicants
receive an appropriate basic entitlement to New Shares prior to Scaling Back any additional
New Shares applied for.
If there is a Scale Back, you may receive less than the parcel of New Shares for which you
applied. If a Scale Back produces a fractional number of shares when applied to your parcel,
the number of New Shares you will be issued will be rounded down to the nearest whole
number of New Shares. In the event of a Scale Back, the difference between the Application
Amount received by Alcidion, and the amount equal to the number of New Shares that will be
issued to you multiplied by the Subscription Price, will be refunded to you without interest.
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- Ann: Share Purchase Plan to close early
i dont know where some of you are getting the other info from...
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