Of course, it will be scaled back substantially with the share price around $2.00 more than the SPP price, everyone will want some.
This time last year, MP1 completed a SPP at $4.00 per share, shares were trading around $5.50 or so when the SPP was open; maximum allocations was $15K worth. Applicants were scaled back to 788 shares each or just over $3K.
Based on that, and as the maximum on this SPP is $30K I would expect this SPP to be scaled back to between 750-1,000 shares or $5K-$10K worth.
It's possible with the current market gyrations there may be less money flowing in, but I would be very surprised if retail applicants got more than half - or $15K worth.
Ann: SPP Offer Booklet, page-13
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