A post for Newbies – Understanding rights issues, page-4

Hi Perdant,

Thanks for this wonderful information you have provided.

I do have a query that you or other HC members may be able to answer regarding a Share Purchase Plan (SPP) to eligible share holders.

When parcel's of shares which are rank equally with existing fully paid ordinary shares are on offer under the SPP of a company and the offer is oversubscribed and the company are required to scale back the applications, is there any set criteria the company must follow when conducting the scale back.

I did hear from another HC member that it may be a "first in best dressed" scenario.


Regards
Wombat