Hi Perdant, Thanks for this wonderful information you have...

  1. 422 Posts.
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    Hi Perdant,

    Thanks for this wonderful information you have provided.

    I do have a query that you or other HC members may be able to answer regarding a Share Purchase Plan (SPP) to eligible share holders.

    When parcel's of shares which are rank equally with existing fully paid ordinary shares are on offer under the SPP of a company and the offer is oversubscribed and the company are required to scale back the applications, is there any set criteria the company must follow when conducting the scale back.

    I did hear from another HC member that it may be a "first in best dressed" scenario.


    Regards
    Wombat
 
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