Maybe in our respective assumptions ...U assumed he applied for less or equal then 50K worth ....me thought good number means ..a lot !!!
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No mention about entitlement re the placement.
I did not want to waste time applying for say $50,000 in the SPP,only to receive $10,000 for wife and myself..
I therefore requested under $50,000 each for wife and myself from Craigs.
We received all we requested.I would guess it is up to your individual broker.
I threrefore will not be applying for any via the SPP [unless I change my mind.lol.]
Thanks for clarifying ...as thats what I thought that there was no limit under placement ...limit is only for SPP
Also u applied around 50K each and got both in full ...no scaling down ...means they had lots to give ..
Just trying to get an idea what ratio will be for SPP ...at present it seems it can be also all applied for till 50K ...good chance of shortfall rather then excess applications ...as today is day 1 and SP is already 1.86 ....still plenty days to go
I won't be bothered to participate in SPP, firstly no surplus funds available and secondly can't be bothered locking funds for long without knowing how much gets allocated.
[QUOTE=sb9;972375]I won't be bothered to participate in SPP, firstly no surplus funds available and secondly can't be bothered locking funds for long without knowing how much gets allocated.[/QUOTE
Key SPP dates
Record Date: 7:00pm NZST/5.00pm AEST Monday, 22 August 2022
Expected dispatch of SPP offer document: Thursday, 25 August 2022
SPP opens: Thursday, 25 August 2022
SPP closes: 7.00pm NZST/5.00pm AEST Monday, 5 September 2022
Announcement of results of SPP: Thursday, 8 September 2022
Settlement and allotment of shares issued under the SPP offer: Friday, 9
September 2022
Trading of SPP shares commences on NZX: Friday, 9 September 2022
Trading of SPP shares commences on ASX: Monday, 12 September 2022
As they have mentioned scaling or individual allotment can be based on your actual holdings on record date ...so if hold good qty and your order is less then say 19% of your holdings then u may get full allotment ...reason being ...allowing u to maintain your holding % ...ie no dilution of previous holding . Makes sense ...they trying to be fair
"If anyone's interested in the scaling ratio in the placement I applied to invest an extra $200,000 through Jarden and received 57,778 shares worth $104,000.40. 52% of the value I applied for."
I applied at Jarden for about 20,000 shares but only received about a third (33.7%). Their scaling seems like a mystery, some received their full allocation, some half, and for people like me, only a third.
For what it's worth, I am an existing holder of HGH. The number of new shares allocated represents less than 20% of my HGH holdings before allocation.