RE: Scale back15 Apr 2024 15:33
Fyoz
Excerpt from the OpennOffer RNS;
Shares available under the Open Offer. In accordance with the terms and conditions of the Open Offer all applications made pursuant to the Open Offer (other than Excess Shares applied for under the Excess Application Facility) have been met in full and a scaling back exercise has been undertaken in respect of applications for Excess Shares, with Excess Applications scaled back pro-rata to 44.766907% of the number of shares applied for.
So if you applied for £1000 worth of excess shares, won’t you be getting £440.77 worth with rest returned?!