Galactusmaximus,My understanding of this terms is as...

Galactusmaximus,

My understanding of this terms is as follows,

Rule 7.33 means that watpac can only buy shares at a price which is not more 5% more than the average market price for the previous 5 days. This will change with movements in the share price. So if there is a big spike in the price, watpac would not be buy for a few days.

On market means share market transactions only. 10/12 limit means that watpac can 10% of its own shares with a 12 month period without seeking shareholder approval.

Hope that helps.