Normal
It means that certain instos etc were asked to tender for all or some of the shares. A price was set at a level that would allow all the "surplus" shares to be placed.It is essentially the same process used in placing bulk lots of shares or in setting a price (sometimes) for IPO's. The Myer IPO is a case in point.
It means that certain instos etc were asked to tender for all or some of the shares. A price was set at a level that would allow all the "surplus" shares to be placed.
It is essentially the same process used in placing bulk lots of shares or in setting a price (sometimes) for IPO's. The Myer IPO is a case in point.
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