MQG 0.72% $224.91 macquarie group limited

My understanding of the two prices quoted is that if MQG shares...

  1. 293 Posts.
    lightbulb Created with Sketch. 1
    My understanding of the two prices quoted is that if MQG shares trade at less than $26.60 before the 29th may deadline
    they will use 5% discount to the volume weighted average of the 5 trading days prior to that date.

    In other words MQG will issue the shares at %26.60 or less.

    Am I correct?
 
watchlist Created with Sketch. Add MQG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.