Originally posted by xax
We won't get .075c, it will be whatever they manage to get the share price average down to in the last 5 trading days before the buy-back...... so HOLD HOLD HOLD
Buy-Back
The Company proposes to conduct an on-market buy-back of its securities for up to 10% of its shareson issue3
at a price equal to the lower of:
(a) a 5% premium to the 5 day volume weighted average price for the shares (VWAP)
calculated over the last 5 trading days before the purchase under the Buy-Back ismade (being the maximum price permissible under ASX Listing Rule 7.33); or
(b) $0.075 per share, representing the 30 day VWAP calculated from and including theshare price at the close of trading after market close on Wednesday, 12 December2018.
Too late.
No one is willing to buy it seems.
SP is absolutely getting smashed.