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  1. #1521
    Senior Member
    Join Date
    Nov 2009
    Posts
    746

    Default

    I feel we will get less than 10% of our current shareholding

  2. #1522
    Junior Member
    Join Date
    Dec 2020
    Location
    Hawke's Bay
    Posts
    22

    Default

    I think it will be 8% but hoping for more.

  3. #1523
    Banned
    Join Date
    Dec 2020
    Location
    Auckland
    Posts
    135

    Default

    Going off of shareholder metrics from the last report.

    67 entities hold over 100k shares each, and own 82% of the stock
    571 entities hold 10k-100k shares each, and own 8% of the stock. I assume the average member of this group owns 20,000 shares (not a guess, this is based on report data)
    If these groups apply for the maximum of $50,000, they should receive ~1450 shares each, as a group they would take about 925,000 shares from the ~3,000,000 shares on offer. All entities within these groups will receive their maximum entitlement for all scaling levels above 7.5%.

    This leaves ~2,075,000 shares for the rest, the rest being:
    Group 1 - 761 entities with 5k-10k shares, I will assume the average member of this group has 7.5k shares.
    Group 2 - 3744 entities with 1k-5k shares, I will assume the average member of this group has 2.5k shares.
    Group 3 - 6507 entities with 1-1k shares, I will assume the average member of this group has 500 shares.

    If we assume all holders are scaled to 20% of their current shareholding:
    Group 1 - 761 entities receive the maximum entitlement of 1450 shares, 1,100,000 shares in total
    Group 2 - 3744 entities receive 500 shares, 1,872,000 shares in total
    Group 3 - 6507 entities receive 100 shares, 650,700 shares in total
    This scenario exceeds the number of shares available by around 1,500,000 shares.

    If we assume all holders are scaled to 10% of their current shareholding:
    Group 1 - 761 entities receive 1125 shares, 856,125 shares in total
    Group 2 - 3744 entities receive 375 shares, 1,404,000 shares in total
    Group 3 - 6507 entities receive 75 shares, 488,025 shares in total
    This scenario exceeds the number of shares available by around 670,000 shares.

    If we assume all holders are scaled to 10% of their current shareholding:
    Group 1 - 761 entities receive 750 shares, 570,750 shares in total
    Group 2 - 3744 entities receive 250 shares, 936,000 shares in total
    Group 3 - 6507 entities receive 50 shares, 325,350 shares in total
    This scenario leaves 242,900 shares unallocated.

    As this doesn't account for the impacts of the recent placement, assumes all entities request their full entitlement of $50,000 and assumes all entities in each group have the same number of shares (the average) it will be somewhat inaccurate. Having said this, I expect the scaling to be somewhere between 10% and 14% with no oversubscriptions.

  4. #1524
    Advanced Member
    Join Date
    Oct 2001
    Location
    chch, , New Zealand.
    Posts
    2,496

    Default

    When do we find out our allocation?

  5. #1525
    Guru
    Join Date
    Apr 2008
    Location
    Kerikeri
    Posts
    2,527

    Default

    Quote Originally Posted by ratkin View Post
    When do we find out our allocation?
    Yes…I am wanting to know when my refund will arrive as well.

  6. #1526
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,290

    Default

    Record date (for identifying shareholders eligible to
    participate in the Retail Offer)
    7:00pm (NZDT) / 5:00pm (AEDT)
    Wednesday, 8 December 2021
    Retail Offer opens and Retail Offer Document is dispatched Wednesday, 15 December 2021
    Retail Offer closes 7:00pm (NZDT) / 5:00pm (AEDT)
    Monday, 17 January 2022
    Retail Offer Issue Price announced Tuesday, 18 January 2022
    Retail Offer allotment date Monday, 24 January 2022
    Commencement of normal trading of new shares issued under
    the Retail Offer on NZX Main Board Monday, 24 January 2022
    Commencement of normal trading of new shares issued under
    the Retail Offer on ASX Tuesday, 25 January 2022
    Despatch of holding statements Friday, 28 January 2022

  7. #1527
    Junior Member Goose's Avatar
    Join Date
    Jan 2022
    Posts
    21

    Default

    Hi all. There have been no announcements yet on the outcome of the retail offer but I have just checked via Computershare and see I have an allotment that works out at 13.74% of my existing holding at record date...heavily scaled and around the level that it seems some brokers were expecting.

  8. #1528
    Junior Member
    Join Date
    Mar 2013
    Posts
    22

    Default

    Allocated 412 shares 13.7%. Applied for $50k

  9. #1529
    Senior Member
    Join Date
    Nov 2009
    Posts
    746

    Default

    Ditto 13.7% of existing shareholding

    Waiting for my refund...

  10. #1530
    Guru
    Join Date
    Feb 2005
    Location
    Auckland, , New Zealand.
    Posts
    3,259

    Default

    Quote Originally Posted by Pixelator View Post
    Allocated 412 shares 13.7%. Applied for $50k
    The same for me.

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