Ann: AWB successfully completes equity raising , page-11

re: Ann: AWB successfully completes equity ra... "How can a company specify a scale back policy in advance of not knowing how much an offer will be over or undersubscribed?"

Easy, the formula takes into account all of the variables. It's simple if you know what you're doing.

"And suspect if they did, it would require disclosure to shareholders to ensure fully informed."

No they just have to inform that the shareholders that a scaleback policy will be at the company's discretion. The exact details of the conrect with the underwriter are commercial in confidence.