So the offer will be either $1.80, or a 2% discount to the VWAP (average price over a period of usually 5 days), whichever is the lower.
So if the share price in the last 5 days immediately prior to the opening date of the offer (offer date when you can purchase), less 2% turns out to be lower than $1.80 then that is the price,
In other words:
Trading at average of $2.00 over 5 days prior to the offer date: Then you get them at $1.80
If the shares are trading on average of $1.60 over 5 days prior to the offer date, you get them at $1.60 less 2% as a discount.
That is how my last one worked. The offer was 8.4c or 2% discount of VWAP, which turned out to be 5.4 cents, so we got them at 5.4c less 2%
Make sense?
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Last
96.5¢ |
Change
0.050(5.46%) |
Mkt cap ! $2.340B |
Open | High | Low | Value | Volume |
92.0¢ | 98.0¢ | 92.0¢ | $15.00M | 15.73M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 148095 | 96.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
96.5¢ | 275693 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 147995 | 0.960 |
4 | 131047 | 0.955 |
9 | 273581 | 0.950 |
7 | 187600 | 0.945 |
5 | 320540 | 0.940 |
Price($) | Vol. | No. |
---|---|---|
0.970 | 30015 | 3 |
0.975 | 7362 | 2 |
0.980 | 103380 | 5 |
0.985 | 35000 | 4 |
0.990 | 233050 | 10 |
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