ICQ 0.00% 29.5¢ icar asia limited

Sorry, I must have read these parts of the announcement...

  1. 619 Posts.
    Sorry,

    I must have read these parts of the announcement incorrectly:

    """The Company proposes to dispose up to 52,500,000 iCar Asia Shares, representing 27.20% of the total issued and paid-up share capital of iCar Asia in the following manner:
    (i) in the open market of the ASX (“Open Market Disposal”); or
    (ii) off-market disposal to parties other than the Interested Directors and/or Interested Major Shareholders, as defined in Section 10 of this announcement, and/or persons connected to them (“Off-Market Disposal”); or
    (iii) a combination of both;"""

    ......

    "Notwithstanding the above, the Board may at its discretion proceed to dispose theiCar Asia Shares at a disposal price below the prevailing marketprice of iCar AsiaShares at a discount of not more than twenty-five percent (25%) tothe ten (10)-dayVWAMP of iCar Asia Shares"

    Goodluck.
 
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