NEA 0.00% $2.10 nearmap ltd

VWAP for NEA, page-12

  1. 1,082 Posts.
    lightbulb Created with Sketch. 100
    Think you may be right but there seems to some confusion in the documentation in the offer doc.

    In the part you refer to
    "The Offer opens at 9:00am (Sydney time) on Thursday, 17 September 2020 (Opening
    Date) and closes at 5:00pm (Sydney time) on Monday, 5 October 2020 (Closing Date)"

    and further down

    "A 2.5% discount to the VWAP of Nearmap Shares traded on the ASX during
    the five trading days up to and including the Closing Date (Tuesday, 29
    September 2020 to Monday, 5 October 2020)."

    Looks as if someone stuffed up.
 
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