SRT 0.00% 16.0¢ strata investment holdings plc

Tangrams,3,742,475 shares at an issue price of $0.16 (Placement)...

  1. 171 Posts.
    Tangrams,
    3,742,475 shares at an issue price of $0.16 (Placement) offered to institutional and sophisticated investors.
    25,000,000 fully paid ordinary shares with an issue price of 20 cents (prospectus Offer)

    Please enlighten, me who are these " institutional & sophisticated investors"? and why were they offered shares at a lower price?
 
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