Cant work this out. The Issue price of the $20,000 worth of securities for this deal was as per the announcement $0.16407....??..It was trading at about 12 cents as far as I can see...
So 90/100*12 = 10.8 cents. ??????
From the announcement it said:-
"The contracted issue price was set as 90% of the VWAP of the securities market price over the 15 business days prior to the date of the contract. This equates to $0.16407 per stapled security as the price at which securities have been issued. "
Can anyone enlighten me? - thanks
Ann: Camperdown Dairy Park Land, page-10
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