ALF - Allied Farmers Limited

[percy]

The company has been making excellent progress.
I would very much doubt the board would be raising capital, unless they had something worthwhile in mind.
I look forward to finding out what that is.
However, I hate SPPs and much prefer rights issues.

[Vaygor1]

.... However, I hate SPPs and much prefer rights issues.

I am pretty sure that the maximum entitlement under an SPP in the ASX is A$15,000 per holder.
Do you know if this is the case on the NZX in NZ$ Percy?

[percy]

I am pretty sure that the maximum entitlement under an SPP in the ASX is A$15,000 per holder.
Do you know if this is the case on the NZX in NZ$ Percy?

Yes same here,$15,000.
They often have the right to scale applications.
Those holders with large holdings get more;
.ie. a shareholder who holds 2,000 shares who applies for $15,000 worth may get none,while
a shareholder who holds 500,000 + shares will most probably get their whole $15,000 worth.