re: neo- spp underwritten ??? From the terms and conditions in the mailout to shareholders under the SPP -
Underwriting
An Offer may be underwritten and the underwriters and/or subunderwriters may be issued with Shares pursuant to the Plan where one or more of the eligible Shareholders fail to subscribe for the maximum number of shares available to them under the Offer. The Directors may pay a brokers fee to Underwriters.
Cheers.
