The offer price will be based on priced at a 17.5 per cent discount to the five-day average price leading into May 26. Why? IMO: This suggests that the board expects that the share price will go up rather than down on the announcement date. Does it make sense? In addition to CR, the announcement may comprise other POSITIVE price sensitive information.
Extract from AFR
According to a termsheet sent to fund managers, the SPP would be put to Lynas’s 38,500 existing shareholders and priced at a 17.5 per cent discount to the five-day average price leading into May 26.
The offer price will be based on priced at a 17.5 per cent...
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Last
$7.71 |
Change
-0.090(1.15%) |
Mkt cap ! $7.206B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.80 | $7.59 | $17.72M | 2.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16763 | $7.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.73 | 13637 | 5 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |