BPH 16.7% 1.4¢ bph energy ltd

22.5c?, page-3

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    The issue price is 80% of the VWAP or 20 cents - whichever is the greater.

    If the average VWAP is 14 cents for the last 5 trading days before suspension then once consolidated on a 1 for 2 basis that becomes 28 cents. 80% of the VWAP is then 22.5 cents. That would then be the placement price.
 
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4 439000 1.3¢
 

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1.5¢ 473762 5
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