It says, the "lesser" of a. 31.5c per new share b. 5% discount to the VWAP.
So if the 31.5c per share is cheaper than the 5% discount to the VWAP you pay 31.5c or vice versa.
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- Quick Q regarding the SPP offer period
It says, the "lesser" of a. 31.5c per new share b. 5% discount...
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