Australia's largest stock trading and investment forum Australia's #1 stock forum

SPT

Click for more information

0.00%

7.5¢ splitit payments ltd

Ann: Splitit Completes Share Purchase Plan, page-16

First 16 Last

Share
Profile

Follow
cimeng

492 Posts.

35

18/09/20

16:21

Post #: 47457197
Share

Originally posted by tina25: ↑

Don't get upset as everyone is in the same boat. Read my previous posts and I expected that larger holders would get approx $2,500. I was wrong. as $30,000 x 11.9% = $3,570 worth or 2,746 shares.

Unless I am reading it incorrectly, If you held 1 – 500 shares you will get 100 shares; However, if you held more than or equal to 501 shares then you multiply what you applied for by 11.9% (Eligible Shareholder's with a valid application only).

Say you held 1,000 shares and applied for $30,000 you will get the same as someone holding 100,000 shares applying for $30,000 worth. Let me know if that's your understanding of the wording.

Those holding say 1,000 shares or more and applied for $5.000 worth would get $5,000 x 11.9% = $596 divided by $1.30 = 457 shares.

Watch this space.

Expand

Hi Tina, I though when I read the announcement it will be based on the shares you held as per the record date instead of your application for SPP money?

Correct me if I am wrong?

SPT Price at posting: $1.64 Sentiment: Buy Disclosure: Held
2 Upvote

2 Great analysis

Reply

Top Stories

SM1

Synlait warns FY24 revenue will be lower than forecast; scraps estimate altogether

DEV

Prospects close to historic NT mine pick up strong uranium mineralisation for DevEx

KGD

Kula Gold kicks off drill run sniffing around historic play last active in WW2

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 94 more messages in this thread...

First 16 Last

Add SPT (ASX) to my watchlist