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12/07/05
13:01
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re: spp - wasnt it a rights issue?
rights issue means for every X amount of shares...ull be given Y amount of shares at a cheaper price!
SPP means u just need to have 1 share (regardless how much u hold).. to take up a share purchase plan!
In THIS case of AOE....for every 7 shares u have...ull get 1 at 36c
If it were a SPP, it would be 1 share would entitle u upto up $5,000 (this offer isnt in the AOE announcment)
So... we could see a RUN UP now on AOE....coz the more shares u hold..the more of a entitlement (free shares) ull get to the discounted share at 36c
Last trade: 47.5
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