TER 4.76% 22.0¢ terracom limited

Why do they say 'the issue price will be determined by' the 15...

  1. 377 Posts.
    Why do they say 'the issue price will be determined by' the 15 day VWAP rather than state what the discount (if any) will be?
 
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21.0¢ 22.0¢ 21.0¢ $115.6K 535.1K

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No. Vol. Price($)
3 22688 21.5¢
 

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Price($) Vol. No.
22.0¢ 667513 12
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