The SPP received strong support from eligible shareholders and was significantly oversubscribed, with Appen receiving valid applications for approximately A$20.7 million and substantially exceeding the target of A$5.0 million.Consequently, and in accordance with the terms and conditions of the SPP Booklet, APX has increased the size of the SPP, and also undertaken a pro rata scale back of applications, to raise a total of approximately A$15.0 million under the SPP.Applications from eligible shareholders were scaled back on a pro rata basis based on the shareholdings of eligible applicants as at the Record Date (being Thursday, 10 October 2024) and were subject to a minimum allocation of 520 New Shares (or ~A$1,000)
APX Price at posting:
$2.18 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)