For those interested, there is a good article from King & Wood Mallesons that explains the changes.
https://www.kwm.com/en/au/knowledge/insights/changes-to-security-purchase-plans-20190829
What’s the catch?
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However, $30,000 is a fairly high amount, particularly for issuers with large numbers of securityholders. The flexibility the higher threshold creates for issuers may also lead to greater uncertainty as to how much will be raised. This may result in lower thresholds or total SPP offer caps being set or greater scale back taking place.
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Ann: Share Purchase Plan to Grow SPACETALK Business, page-52
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Mkt cap ! $12.02M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1600000 | 2.3¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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