My understanding is that ST1 have to follow up with an SPP offer: Go to livewiremarkets.com: https://www.livewiremarkets.com/wires/equity-investors-face-mass-dilution-from-supersized-capital-raisings
It includes the following text:
'On 31 March 2020 ASIC and ASX announced temporary emergency capital raising relief to help facilitate capital raisings. The relief allows issuers to selectively issue 25% of new shares (previously 15%) provided that they make an entitlement offer or SPP as a follow-on to the placement at the same or lower price. The regime expires on 31 July 2020 unless the ASX determines to remove or extend the relief.'
ST1 Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
