The following summary provides an overview of upcoming and past SPPs made available1 to investors in SPP HarvesterTM. Each of these companies is included in the SPP300 list, consisting of the largest and most liquid ASX listed companies and trusts.
Since COVID-19 hit the Australian economy in March 2020, ASX listed companies have raised over $63 billion. Of this, $4.7 billion has been raised by way of Share Purchase Plans.
But what is a share purchase plan? How can you gain access? And why should you invest share purchase plans?
Australia's second largest Buy Now, Pay Later (BNPL) player Zip Co (ASX:Z1P) posted strong Q2 trading results, bringing SPP HarvesterTM investors a return of 36%.
Qantas Airways Ltd (ASX:QAN) might have taken a brutal hit to earnings, posting its worst result it its 100 hundred-year history, but the same isn’t true of investors in its recent share purchase plan via SPP HarvesterTM.
Many of the largest and most well-known companies listed on the ASX complete Share Purchase Plans and often at a discount to the trading price.
The largest capital raise of 2020 to date, National Australia Bank (ASX:NAB) raised $4.25 billion by way of a placement and share purchase plan.