Wording in that AFR article is SPP not rights issue, however can't rule out a proportionate RI.
Typically for SPPs of this nature there are several allotment sizes people can apply for, regardless of the size of existing holding... likely up to $30k.
There are several methods that a company can elect to apply in the event of an oversubscription, but in this case my gut tells me SYA will not scale back and instead exceed the $5m if need be.
Ann: Trading Halt, page-275
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Last
3.5¢ |
Change
0.002(6.06%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.5¢ | 3.2¢ | $1.109M | 32.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 2231686 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 12121511 | 53 |
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| Last trade - 15.11pm 13/11/2024 (20 minute delay) ? |
| SYA (ASX) Chart |