QBE 0.18% $16.97 qbe insurance group limited

qbe spp, page-11

  1. 8,443 Posts.
    lightbulb Created with Sketch. 175
    Hi, could someone clear this up for me.....

    Institutional investors got to buy shares at $10.70

    Eligible share holders get to buy shares at $10.70; OR a 2% discount to the weighted average price of QBE between the 20-26 of march which would be much, much higher then $10.70.

    SO which one is it??? Do we get shares at $10.70 or at the 2% discount to the vwap of the last 5 days??

    Who makes the decision on which one it is??

    Anyone know?

    Much appreciated for any comments surrounding this.

    Thanks in advance.
 
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