Olly a Share Purchase Plan is a form of Capital Raising. It is...

Olly a Share Purchase Plan is a form of Capital Raising. It is offered to current shareholders usually as a sweetener to provide current holders the same opportunity to buy shares as the broader community when raising capital which usually involves Sophisticared Investors. It is offered via snail mail or by electronic mail depending on how you have set up your comms. One responds in the same manner and when you pay your money the new shares are automatically credited to your account thru your unique code. This will occur on the 26th of June. All shareholders are eligible who hold shares on a given date , called the record date. Which was in late May, so new shareholders are not eligible. There are many twists and combinations and permutations which makes a detailed lesson difficult on a forum like this but that is the crux of the issue. Dont be put off by Mr Cloudichook, he is not representative and whether you have 2 posts to your name or 700 he seems happy to be rude. Each to his own. Feral