HSN 0.00% $5.77 hansen technologies limited

Ann: Share Purchase Plan Offer Booklet, page-8

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  1. 569 Posts.
    lightbulb Created with Sketch. 14
    They announced the same $10M in the last SPP, but then did not scale back.

    From the June 12, 2015 announcement:

    "The Company had originally planned to cap the amount raised to $A10million, and accordingly the SPP was oversubscribed by approximately A$2 million.

    The Company is delighted at the support shown by shareholders in their response to the SPP, and to accommodate this demand, the Company does not intend to scale back any eligible application. Accordingly the amount raised under the SPP will be approximately A$12 million."

    Maybe we will get scaled back, maybe we won't. Depends how many people subscribe I suppose.
 
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