1) SCALE BACK: As I stated above, the offer document says NOTHING about scale back based on current holdings, nor does it say anything about being allocated a minimum number.
How much you currently hold has no bearing on how many you get allocated, according to the offer document:
Offer document says:
7. APPLICATIONS MAY BE SCALED BACK
If applications for New Shares under the SPP Offer exceed $10 million, UWL will allocate to you less than the number of New Shares you have applied for (scale back). If there is a scale back, it will be on a pro rata basis, based on securities applied for under the SPP Offer
2) REFUNDS
Offer document says:
8. HOW WILL APPLICATION MONIES BE REFUNDED?
Any application monies refunded by UWL will be paid by direct credit or cheque (the payment method will be determined by UWL in its absolute discretion) in Australian currency.
By applying for New Shares, each shareholder authorises UWL to pay any monies to be refunded by using the payment instructions of the shareholder recorded in the Share Registry’s records if UWL elects to pay in this manner.
