Andrew1234, all I can say is perhaps they wanted to increase their entitlement?
The other alternative is that there is a placement above current prices. it rarely happens these does but it's not unheard of. Perhaps the directors got their wallets out to reflect their sentiment in Hodges and give an institution a bit more of a reason to back the company?
12m mc, 3m cash, 400mt jorc!! 2bt target!!, page-94
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