The issue has closed and all brokers and advisers had received VERY strong demand.
Most distributors could only get around 35% of requirements and the balance has gone into the General pool.
The Investors who had “Firm" allocations from the Broker Pool have NOT had the funds deducted from their Bank accounts yet.
We understand that funds will be Direct Debited tonight ( or at latest tomorrow night).
DO NOT DO ANYTHING THAT WILL PREVENT THE DIRECT DEBIT BEING ACTIONED !
( ie Do NOT transfer funds out or stop payments etc.)
Let the process run its course.
Timings
We understand:
That the allocations will be made on Wednesday 16th.
That the shares will be transferred into individual shareholder name immediately afterwards.
That the shares will be listed in Thursday 17th.
We understand the surplus funds from any scaling will be returned to the Investors as soon as practicable.
Assistance
We can:
Advise you of your balance once the shares are transferred to your name ( if you have a CSN) Please call us on Thursday after 10.00am
Assist you in sale of any shares once the trading has commenced( we can take an order at any time )
We can purchase additional shares for you at any time.
Transact other Investments for you ( either buying or selling )
Lets all hope the issue is a great success.
Kind Regards
The team at Equity!
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