BKW 1.21% $27.59 brickworks limited

spp, page-53

  1. 477 Posts.
    Ann just now:

    Brickworks Ltd would like to thank its shareholders that participated in the recent Share Purchase Plan (SPP). The Board is grateful for the ongoing support of Brickworks’ shareholders who are committed to the success of the company. When the SPP closed on Friday 23 October, Brickworks had received approximately $175.0 million in acceptances, from 12,450 shareholders.

    The Directors of Brickworks have determined that there will be no scale back of acceptances.





    Well we all underestimated the extent of the SPP. Approx. 14.1m new shares will be issued: if half of them trade on Tuesday, then this will be 140 times the average volume for BKW. I fear a bloodbath on Tuesday.
 
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