“Under the Offer, each Eligible Shareholder can subscribe for between A$2,000.00 and A$15,000.00 of new fully paid shares at an Offer price of a 20% discount to the volume weighted average price of Blue Energy shares over the last five (5) Trading days up to and including the Closing Date of the SPP with a price cap of A$0.20. You will not pay more than A$0.20 per share should the price of Blue Energy shares rise though the offer period.”
Therefore a low share price means, the SPP shares will be below A$0.20.
BUL Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held