I applied for the SPP today.
I looked at this again, and I still think my original analysis (first post above) is about right. (In summary, the most you can expect is one new share for every 11 you held before, but probably a bit less.)
Expressed as a percentage, that is 9% or a bit less. There may be exceptions to this, as these SPPs give boards complete discretion, and this is not advice, it simply my view.
In any event, I applied accordingly. This SPP has just become more valuable, to state the obvious, given share price movements today. Expect a huge oversubscription.
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