ROG 12.5% 0.5¢ red sky energy limited.

Hi guys,Can anyone explain to me what this means?ERM Power will...

  1. 189 Posts.
    Hi guys,

    Can anyone explain to me what this means?

    ERM Power will subscribe for 150 million shares in Red Sky at a price equal to the volume weighted average
    price for the five days preceding 4 July 2012, giving it a shareholding of 9.5%.


    Does it mean ERM will be buying in after 5 days?
 
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