Morning All, Investors need to read the “fine print” on the SPP, Perpetual will be offering eligible shareholders the opportunity to participate in a non-underwritten SPP up to A$30,000 each, free of any brokerage or transaction costs, targeting to raise up to A$40 million2. The issue price of shares under the SPP will be the lower of A$30.30 per SPP Share, being the Offer Price; and the 5 day VWAP oe nearest cent.Morning All, Investors need to read the “fine print” on the SPP, Perpetual will be offering eligible shareholders the opportunity to participate in a non-underwritten SPP up to A$30,000 each, free of any brokerage or transaction costs, targeting to raise up to A$40 million2.
The issue price of shares under the SPP will be the lower of A$30.30 per SPP Share, being the Offer Price; and the 5 day VWAP of Perpetual shares up to and including the closing date of the SPP (currently scheduled for Wednesday, 26 August 2020) less a 2% discount, rounded to the nearest cent.Morning All, Investors need to read the “fine print” on the SPP, Perpetual will be offering eligible shareholders the opportunity to participate in a non-underwritten SPP up to A$30,000 each, free of any Approaching $30bn has been raised since March obviously primarily to support companies after COVID-19, so far investors have been supportive of raises illustrating the large volume of cash on the sidelines. For those tempted by PPT the statistic quoted in the AFR this morning should add a degree of confidence – the return on raisings in May / June is almost 60% but we should caution that the equity market was rallying during the time.
