I applied for the full amount. I'm not sure it'll get scaled back significantly. They haven't closed the offer early which is a sign. I've seen retail interest in SPP's like these often be a lot weaker than you'd expect. The element of risk associated with having your money tied up for even a week (or more) in a potentially volatile share is too much for many I think. How many retailers that are eligible for the offer are true investors in the company? Those that aren't will be scared off with the prospect of selling pressure overcoming any depth that currently exists when the floodgates open, although i don't expect this will be a significant issue this time and expect positive news to back up the release of shares.
Now none of this matters anyway with the SPP being mostly underwritten and some clear signals from the oversubscribed soph placement but I'm genuinely expecting to get most, if not all of my fill.
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- Ann: Results of the Annual General Meeting 2016
Ann: Results of the Annual General Meeting 2016, page-53
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