I much prefer a rights issue
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Bit disappointed with the amount too.
I got 2992 shares, but luckily only applied at the last minute so didnt tie up 50k for too long. Hoping for a quick refund.
Looks like SPP refunded money is finding its way back into buying on market
I applied for 765 and got the lot. Maybe because I'm an existing shareholder ~ 8000 and have some IFT290 bonds.
Lucky I guess.
I just used the SPP to reinvest my recent dividend, and got all I applied for too.
Only existing shareholders could apply for the SPP. Anyone who applied for just enough to avoid being diluted by the wholesale placement (about 10% of existing holding) would have got their full allocation, only those who applied for extras over and above their pro rata share would have been scaled.