New Issues and IPOs Allocation Policy

New Issues and IPOs Allocation Policy

Before you subscribe to any new issues please ensure you have read and understood all the information below.

You should be aware that you may not receive the full amount that you have applied for and the company may scale back (reduce) applications if the offer is oversubscribed. In some circumstances, the terms of the scale back will be dictated to us by the lead broker in the IPO and we will be required to apply these terms across all the applications we have received. In these circumstances, we will communicate the terms of the scale back to all applicants on a best endeavours basis. In other circumstances, the lead broker may allocate a total subscription amount to us and allow us to dictate the terms of the scale back. In these circumstances, we will endeavour to scale back all applicants on a pro-rata basis.

Although we endeavour to credit all allocations to your account before market opening, circumstances outside of our control may mean that stock will be allocated after market opening.  We will not be liable to you for any price movement or market fluctuations in the event that stock is credited late to your account.

Please note this allocation policy is not exhaustive and we reserve the right to apply scale back terms out with those described in this allocation policy

You understand that any allocation made to you will be contractually binding.

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