ALN alinta limited

alinta's 8 mil share placement @ $4.50. any aln s

  1. 635 Posts.
    Any ALN shareholders on this forum ?

    What do you think about your company handing shares to the institutions and so-called "sophisticated investors" at $4.50 each when the stock was trading at $5+.
    (Date: 01/05/2003 11:30 NEW ISSUE ANNOUNCEMENT)

    Today ALN shares traded at $5.30 - 17.8% above the placement price less than two weeks ago.

    The good old "retail" shareholder - also know as Mum & Dad's - didn't get a chance to participate at this give away price. Yet, the ASX rules allows for a shareholder purchase plan (SPP) of up to $5,000 per holder.

    How do shareholders feel about this ?
    Let the ALN board know your feelings.

    Write to the Chairman
    Mr A. J. Howarth AO, Alinta Limited Lv.7 The Quadrant, 1 William St, Perth, WA 6000

    holding ALN
 
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