Ann: Trading Halt, page-16

You are entitled to buy up to $30,000 worth of stock @ $8.25 per share and if at the closing date in May the shares are lower than the offered price, you get a further 2% discount. Your choice, either subscribe or not.

usually you don’t get what you asked for, some other SPP plans heavily reduce your entitlement because of demand and if you asked for $30,000 worth of stock (around 3,600 shares) you might only get say $3,000 worth of shares.

the key to your decision making is whether you are long in holding shares and your risk appetite. My view is that QBE will now be heavily derisked with a sound balance sheet, I will be applying for the maximum