Allocation proves how small time I am -- applied for $50k, got $2271 worth (337 shares added to 2200 existing).
;)
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Fits with my experience - I received approx 15% of my existing stake. Keeps me ahead of the dilution of ~7-8%. Documents were quite clear scaling would be based on existing holding rather than amount applied for, but I did punt a little extra in case of undersubscription.
That is pretty much what I expected - it is the fairest way to allocate - reward existing holders rather than just those with lot of cash lying around. It allows existing shareholders to avoid too much dilution.
I did load up my application in case they gave some weight to that aspect (and expecting heavy scaling -- I didn't really want all that I applied for).
ASX Appendix 2A lodged this morning advises 11,127,594 new shares issued under the SPP, so at $6.74 this comes to $74,999,983.56. Indicates that no over-subscription amount has been issued.
Consistent with others, I was allocated c. 15% of the existing holding.
Same, 15.3% of existing holding.
Just as well I dived in and bought on market. Got 226 on SPP of the 1000 approx I wanted.
Well, I received 100% of the $10,000 asked for - 1483 shares. Mind you, I hold in excess of 10,000 shares. Shame I didn't have more spare cash.