Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi MM Just a quick question regarding the A1M SPP. In last week's Q&A MM were still considering whether to participate in the SPP. As at today, 17/7/2025, the share price is .305 so just wondering what MMs current thoughts are. Also, if the share price falls below the SPP offer of 30c, will MM be purchasing more shares from the ASX directly instead? In either scenario, what weighting will MM be increasing A1M by? Thanks in advance! Cheers SB
Hi SB,
Last week we wrote: “We are assessing but will likely participate depending on the share price before the offer closes.” The closing date is 28th July. However, we would like a 8-10% discount relative to the share price which closed Friday at 32c. For simplicity, we want the stock 33c to participate.
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