You are right Eligible security holders can subscribe for up to $15,000 of securities in a 12-month period (ASX Listing Rule 7.2 Exception 15 and Class Order [CO 09/425]Share and interest purchase plans) and the total amount raised via an SPP is typically subject to a cap. The SPP offer document usually sets out the scale-back policy which is left to the discretion of the issuer.
APT Price at posting:
$25.64 Sentiment: Hold Disclosure: Held
