Catching up on some older postsâŚ
The way I understand it:
Shareholders will
NOT be eligible to participate in the SPP,
unless they have a registered address in either Australia or New Zealand.
(It is not about nationality, though.)
You need to read your bankâs notification carefully!
This is what Consorsbank sent me - they explicitly note that it is your own duty to check in advance whether or not you are eligible to participate in the SPP, as they wonât do it (âWir werden dahingehend keine ĂberprĂźfung vornehmen.â) and thus canât be held liable.
They will, however, block the amount of money equivalent to your share purchase, once you have submitted your application form, so this sum wonât be at your disposal until BrainChip will have notified your bank that they wonât accept your order. (Not to mention possibly still charge you transaction fees.)
While it may feel unfair to be âdiscriminated againstâ for not having a registered address in either

or

, the upside is, there is no need whatsoever for affected shareholders to have a guilty conscience when buying from anonymous strangers on the open market instead, which will currently get you quite a few additional shares compared to the fixed SPP issue price of A$0.193!

No financial advice, though.
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