Hi Vinksta,
The Below information is a from another company raise, which I hope DYL do the same (those that are truly long term holders should be allocated shares and not those who just trade) my opinion of course.
As the SPP was strongly supported by eligible shareholders and was substantially
oversubscribed, it has necessitated----------- to scale back applications in its discretion as
advised in the prospectus released to the ASX and lodged with ASIC on ------------------
----------- has taken into account a number of factors when determining the amount by which
to scale back applications and notes the following:
• Applications received from ineligible shareholders were not accepted;
• Applications received from holders with multiple registered holdings (including both sole
and joint holdings) exceeding $30,000 in aggregate were treated as one application for
$30,000 of new shares;
• Applications for A$1,000 received from eligible shareholders were not subject to any
scale back and received the full amount they applied for;
• Applications received from eligible shareholders of $2,500 or above were scaled back
on a pro-rata basis to between 37% - 40% of the amount applied for;
In addition to the allocation policy outlined above, the Board has determined to apply a lesser
allocation percentage to certain applications, or to exclude certain applications, where:
• Applications received from eligible shareholders who sold all or the majority of their
shares between the record date and the SPP Closing Date and
• The applicant held 850 or less shares as at the closing date of the SPP offer.
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- Multiple payments for the SPP
Hi Vinksta,The Below information is a from another company...
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