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Ann: Share Purchase Plan, page-41

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stockrider01

43 Posts.

3

04/08/17

12:42

Post #: 26292165
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Originally posted by masterash ↑

Hi,

As per the announcement, anyone who was holding shares at 5:00 PM yesterday (3/8) is eligible for the SPP (minimum amount being $2000 and maximum being $15000). If someone buys the shares now, they will not be eligible to participate in SPP.

It will be good if instos will push the price up as that mean less shares will have to be issued. For example if VWAP Share price is $1, and I participate in SPP with $15000 - I am only eligible for 15000 shares whereas if VWAP is .80c, I will be eligible for 18750 shares which dilutes the registry more. I am not sure whether instos will push this higher.

They haven't specified any amount what they want to raise as normally companies specify the amount and if there are over subscription , it get scaled.

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Hi Masterash,

Thanks for the explanation, I'm getting a much better understanding of the SPP now! Cheers

ARL Price at posting: 82.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 42.0¢		Change -0.025(5.62%)		Mkt cap ! $83.86M

Open	High	Low	Value	Volume
45.0¢	45.0¢	42.0¢	$11.79K	27.15K

Buyers (Bids)

No.	Vol.	Price($)
1	1189	42.0¢

Sellers (Offers)

Price($)	Vol.	No.
44.0¢	21590	2

View Market Depth

No.	Vol.	Price($)
1	1189	0.420
2	12000	0.410
3	22500	0.400
1	10000	0.395
1	55000	0.390

Price($)	Vol.	No.
0.440	21590	2
0.450	20000	1
0.470	660	1
0.480	6811	1
0.485	20000	1

Last trade - 16.10pm 21/10/2024 (20 minute delay)

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