RE: Funds29 Nov 2023 19:24
"Can you explain? It enabled me to take up my allocation and the company to receive the funding, rather than me buying shares in the open market, which the company would have received no money from."
Quite correct, and this is a bit theoretical but your reasoning works both ways - if the share price and open offer price are equal, anyone can do this. Even the company itself, can fund itself - a bit like a reverse repo. Essentially you sold into the market, contributed to a lower market price and put that money into the company. But if you didn't, the market price would have been proportionately higher than the open offer price making what you did a worse deal for everyone else and encouraging uptake of the open offer.