GRB 8.16% 5.3¢ gage roads brewing co limited

Ann: Results of Entitlement Issue Offer-GRB.AX, page-3

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  1. 569 Posts.
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    Wow, 64% shortfall. I'm going to have to dig out the underwriting agreement and see what happens to the shortfall shares.

    I need to figure out if the Woolies shares are included in this, since obviously they would not have taken up their entitlements. If they are included, then the 64% is kind of misleading, nobody expected they would have taken theirs.

    Does not seem to match the overwhelming support at the AGM voting.
 
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