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if you were successful getting SPP shares in Sept 2018, will you will be penalised for this SPP, page-2

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12/06/19

14:08

Post #: 39020836
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Originally posted by bigdoggy: ↑

SP is up today above the $23.00 placement priceSPP $23.00 price looks very attractive to existing shareholders!

However, if you were successful getting SPP shares in Sept 2018 looks like you will be penalised for this SPP!!

Did I read this right?

"Shareholders on the Afterpay register at 7:00pm (Sydney time) on 7 June 2019 (Record date), with a registered address in Australia or New Zealand will be entitled to subscribe for up to $15,000 worth of Afterpay shares through the SPP (net of any SPP shares allotted in the 2018 SPP), subject to eligibility criteria and other terms and conditions of the SPP which will be set out in the SPP booklet and dispatched to eligible shareholders in due course"

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I believe this is not APT being mean, it is an ASIC restriction that retail investors may only invest up to $15k through an SPP per year and per company.

APT Price at posting: $25.69 Sentiment: Hold Disclosure: Held
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