perhaps could have been articulated a little more clearly but shares will be issued at $5.14. Be interesting to see what scaleback happens:
"The SPP provides Eligible Shareholders with the opportunity to purchase New Shares at an issue price which is the lesser of:-
$5.14 per New Share, being the price at which new Shares were issued under the institutional placement completed on Wednesday, 22 November 2023;
and-the price that is a 1% discount to the volume weighted average price of Shares traded on the Australian Securities Exchange over the 5 trading days up to, and including, the day on which the SPP closes on Thursday, 14 December 2023 (Closing Date) (rounded down to the nearest cent)."
perhaps could have been articulated a little more clearly but...
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 (20min delay)
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Last
$5.52 |
Change
0.070(1.28%) |
Mkt cap ! $6.106B | |||
| Open | High | Low | Value | Volume |
| $5.54 | $5.54 | $5.48 | $16.24M | 2.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 288477 | $5.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.53 | 61226 | 4 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$5.51 |
Change
0.070 ( 1.22 %) |
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| Open | High | Low | Volume | ||
| $5.51 | $5.54 | $5.48 | 319523 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| SDF (ASX) Chart |