Hi kbear1, initially I also thought placing the oppies not taken up would not occur but I did note in the announcement that that the reference to payment of 5% to of proceeds from shortfalls to Ord Minnet refers to both the spp and entitlement offer. I presume the entitlement offer is in respect to the oppies. If thats the case institutions etc can take up any shortfall for only a small upfront outlay. Once again shareholders cant really complain as they are being given first bid.
spp complete and capital secured., page-22
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.5¢ | 28.5¢ | $469.8K | 1.579M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 297652 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 7500 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |