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Bidding

Last updated 21 hours ago

Why do I need to provide supporting information when I bid?

Everything you need to know about why Fresh might ask for supporting information on certain offers.

Introduction

For some offers Fresh might ask investors to provide additional information to support their bid. 

For a guide to bidding with Fresh click here.

Why does Fresh ask for supporting information? 

Fresh requests supporting information on offers where the company and/or broker has specifically asked for additional details on each bid in order to inform their allocation decision.

Final allocation decisions are made by the board of the issuing company. In most cases the board will request additional information on each participating investor so they can manage oversubscriptions and ensure that the most aligned investors are prioritised. 

What information will be collected?

In situations where companies have requested supporting information from participating investors, the following will be collected:

Existing Shareholder Status: Companies like to ensure that their existing shareholders feel recognised, whether or not an investor is an existing holder will often factor into allocation decisions.

Investment Horizon: This refers to how long the investor is intending to hold their placement shares. 

Investment Thesis: This is the ‘why’ behind an investor’s decision to make an investment. Companies like to understand the motivations of potential new shareholders. Some things investors could be attracted to include:

  • The strategy of the company: Investors could be attracted to the company’s plans for growth or realisation of new value. 

  • The activities the company is raising for: Investors could be interested in getting exposure to the potential upside from the work being done on assets/projects held by the company. 

  • The management of the company: Investors could be attracted to the expertise and history of the leaders of the company.

  • The commodity/sector of the company: Investors might have a particular interest in the commodity the company holds or the sector the company is operating in and wish to gain exposure by investing.

If you have any questions about Supporting Information you can reach our Client Services team at clients@freshequities.com or for Corporate enquiries please contact corporate@freshequities.com.

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Copyright © 2020 Fresh Equities. All rights reserved. ACN 619 657 028. CAR: 001267539 of AFSL: 471379.