What is a Share Purchase Plan?

A Share Purchase Plan (SPP) is a form of capital raising by a listed company that offers shareholders the opportunity to apply for new additional shares.  Regulations limit the maximum application per shareholder to $30,000.

Typically, an SPP is conducted at a discounted price to the current listed price of the stock to encourage shareholders to purchase more shares. In order to participate in the SPP, the person must have been a shareholder on the record date set by the company.

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