The underwriting fee charged by Euroz is 3.2% of gross proceeds. That comes to $2.24m. On top of that, Euroz get the management fee of 0.8%.
I don't think there was much risk in underwriting the 30c share purchase after the success of Pavo. My question to CVN would be why they chose to pay the fee for underwriting. Why not take a bit more time and offer the CR shares to retail investors as well?
email address for ceo, page-9
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $268.3M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.5¢ | $378.0K | 2.520M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 102702 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 707662 | 12 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |