re: Ann: BRR Webcast - Bass Strait Oil Prepar... Question re the underwriters "get out" clauses
""(a)(Indices fall): the S&P ASX 200 Index is at any time after the date of this Agreement 90% or
more below its respective level as at the close of business on the Business Day prior to the date
of this Agreement;""
Refer pg 16 of RI offer document.
I'm assuming this means a minimum 10% drop in the ASX200 ?
If so, thats around 3700 on the index.
Ann: BRR Webcast - Bass Strait Oil Preparing for , page-4
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