As per the article on 26/8 said 115m share were already underwritten. Check u r source.
"ENTITLEMENT OFFERFlexigroup plans to raise $140 million via a retail and institutional entitlement offer to eligible shareholders, with $115 million already underwritten.""
".....chairman already subscribing for $7.5 million worth of shares."
- this is max he was allowed, i am sure if he was allowed more he would pick those as well at a discount, and why not.......
https://themarketherald.com.au/flexigroup-asxfxl-announces-fy20-result-and-140m-capital-raise-2020-08-26/
open price Friday, page-71
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