Numbers, "if the SPP is oversubscribed, any underwriters who actually want to buy or hold more shares, will have to do so through market."
No. Eric said that the $10m placement is to the sub-underwriters. So any sub-underwriters who wanted to buy shares will get some issued directly, at the SPP discounted price.
Conversely, if they get a lot of shares as an underwriter, they may not want any of the $10m.
worst case scenario, page-13
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Last
$7.80 |
Change
-0.090(1.14%) |
Mkt cap ! $7.290B | |||
| Open | High | Low | Value | Volume |
| $7.85 | $7.94 | $7.77 | $14.33M | 1.828M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5039 | $7.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.81 | 6633 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |