IFL 1.82% $2.79 insignia financial ltd

Why is Bruce Neil not participating in SPP, page-4

  1. 7,516 Posts.
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    would he be considered 'institutional' given his level of share holding. If so then he wouldn't be eligible under the retail component, otherwise why would any institutional investor participate under the institutional cap raise (i am not talking about a placement I am talking about the pro-rata capital raise)
 
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