I’ve reviewed every one of the judgments in this sordid affair and only the NSWCA judgment mentions the VWAP calc, and at a glance, it doesn’t clarify the point at hand.
My GUESS is that the VWAP calc will be immediately pre issue. If that’s correct they would get about 1.5m shares.
I’ve reviewed every one of the judgments in this sordid affair...
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