I think this will give the company scale more quickly and they'll shift to a DRP for the final dividend.
I'd prefer DRP as well, but will take up this offer in full in early May to capture a the dividend x 2 (selling some PIC most likely to fund it) which I believe is their intention.
Ann: SNC Announce 1 for 1 Free Bonus Option Issue, page-5
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78.0¢ |
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Mkt cap ! $110.5M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 79.5¢ | 78.0¢ | $39.39K | 50.17K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15877 | 78.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 5178 | 1 |
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