HGH - Heartland Group Holdings

[sb9]

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.

[ithaka]

Percy applied 27000 each for two applications and got both in full ....Maybe Jarden had more applications then Craigs

Jarden were the underwriting broker.

[alokdhir]

[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

[alokdhir]

Jarden were the underwriting broker.

That I know ...then how come Craigs could fulfil all requirements ...maybe they could not inform all their clients ...while Jarden did and got better demand

[Master98]

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

39m shares for spp, currently have 593m shares in issue, so average 1 new share for ever 15 shares you own, i assume will heavily scaling.

[alokdhir]

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

[Master98]

"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."

[newtrader]

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.

[DonkeyKong]

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.

Does it represent roughly 18.74% of your HGH holding before the allocation?

[newtrader]

Does it represent roughly 18.74% of your HGH holding before the allocation?

It is less than 18.74% of my HGH holding before allocation.

I don't want to provide exact numbers but it was roughly 15%.

Do you have some insight on how the allocation scaling worked at Jarden (and elsewhere)?