RE: Offer in layman’s terms24 Jan 2025 13:14
MadDogMc..If you are talking about the 'Retail offer bookbuild' at 3p, then it was opened at 7.05am today and could close at anytime, although as you say officially close of business on the 30th.
Also, the Bookbuild brokers can oversubscribe and just because you are an existing shareholder, you are not guaranteed any shares. There is no 'Open offer'
Your broker or user has to be able to join the 'bookbuild' scheme and at the current price, it will obviously be well oversubscribed.
Hence why folk have been very active today. So get your skates on. GL