The thing to note is that the DRP will be fully underwritten. I assume that shareholders might choose the cash dividend in many cases leaving a significant DRP shortfall which presumably would be taken up by the underwriter at a maximum price of $ 5.50 per share. There could be a significantly increase in number of shares on the market with dilution of existing shareholders who opt to take cash.
Ann: Special Dividend , page-7
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Last
$9.70 |
Change
0.000(0.00%) |
Mkt cap ! $120.0M | |||
| Open | High | Low | Value | Volume |
| $9.70 | $9.80 | $9.70 | $11.03K | 1.127K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7328 | $9.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.75 | 920 | 1 |
View Market Depth
| Last trade - 15.32pm 29/11/2024 (20 minute delay) ? |
| KOV (ASX) Chart |
