IMM 1.56% 31.5¢ immutep limited

0.15 or below?, page-2

  1. 119 Posts.
    lightbulb Created with Sketch. 3
    The issue price isn't locked at 15c, it is the lesser of either 15c or the VWAP of the 5 days up to and including today, minus 10%, rounded down to the nearest whole cent.

    By my reading of that, at the current VWAP, issue will be 14c. If VWAP drops to 15.55 issue should be 13c (15.55 x 0.9 = 13.995, down to nearest whole cent)
 
watchlist Created with Sketch. Add IMM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.