LYC 2.72% $7.14 lynas rare earths limited

weighted average price, page-22

  1. 1,294 Posts.
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    Guys, it is not based on the VWAP. Take a look at the offer document, it clearly states "The shares under the SPP (“New Shares”) will be issued at a 17.5% discount to the 5 day
    average closing market price on the shortfall notification date rounded up to the nearest 0.1 cent
    (“Price”)."

    That makes it the average of (0.11+0.12+0.13+0.15+0.17)/5 and 17.5% equals $0.024.

    Therefore by my calculations, the SPP price works out to be $0.112.
 
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No. Vol. Price($)
1 1546 $7.13
 

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Price($) Vol. No.
$7.15 72361 6
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