Method And System For Acquiring Rights to Participate in Share Purchase Plans, Acquiring and Disposing of the Newly Issued Securities

摘要

#$%^&*AU2020101031A420200723.pdf#####Abstract A method/system for acquiring rights to systemically participate in capital raisings conducted by way of share purchase plans, harvesting the discount, and recycling investor's 5 capital, as opposed to a manual, ad-hoc, discretionary process. A host computer system or computer receives bid data indicative of one or more bids for the identified securities from one or more eligible investors. Purchases of at least one-security in a wide selection of companies are allocated across multiple client accounts to establish individual rights versus a collective investment vehicle, applications are undertaken collectively via a single 10 selection, subject to individual investor's opting out, allocations across accounts are undertaken by the computer system, and sell-downs are undertaken individually, with order flow taking the market impact of the collective sell-down of investors that received newly issued securities under the share purchase plan.- 1/4FIGURE 1 Master Account Tranche 1 Tranche 2 ...- tranche x Purchase portfolio (1)4+- Nu mber of erinetrnche - - - h(10) Purchase portfolio 2) M kt prices of portfolio company-OnallcatioofSFioeac OAllocationof llctoea Allocate 1 Allocate Minirmum market parcel-- Allct1Aloae share in each excess shares share in each excess shares company to to overflow (1) cornpany to to ornnibus each Investor account each investor account (8)) (17] App forSPPin each individual - d alinvesor's Cash Account Apply for SPP in each individual Receiptfundsosell-down~an Reciptundonsll-ownan ccltaccount r(5) ( ) account Maxilu1rn offer per investor On a|||ocation of SPP to each On allocation of SPP to each account initiate sell| down account, initiate sell down (8) (7 1) (17) Cosrfrence sell c rder to total order flow of all1 sel ling acco, its (all| tra nches) to -Ittminimize collective price Irnpact Receipt funds on sell|-dorwn, and Receipt funds on se|||-down, and recycle to cash account --- recycle to cash account