The SPP is capped at 8 million units for retail investors.
This means that it will only take 133 investors @ $15k (60k units each at 25c) for the offer to be fully suscribed. This is ridiculous?
I see a substantial scaling back for all. I'd guess you'd be lucky to get $2000 worth under the SPP. Why it is even capped at 8m units is beyond me. It looks like AZZ needs all the capital they can get their hands on.
- Forums
- ASX - By Stock
- AZZ
- relisting and share purchase plan announced
relisting and share purchase plan announced, page-20
Featured News
Add AZZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Will Souter, CFO
Will Souter
CFO
Previous Video
Next Video
SPONSORED BY The Market Online