The institutional offer appears to have been significantly oversubscribed - i.e. instos wanted a lot more than was available. VPG appear to have taken this opportunity to increase the size of the placement and raise some more cash.
In my view, this should give some level of comfort to existing holders.
It would have been a good gesture for them to extend the retail offer but I doubt that's going to happen now.
All orders will purge at 10:40 and the ASX have announced trading will commence in VPG at 11:00. Just enough time to have a refreshing hot beverage.
The institutional offer appears to have been significantly...
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