Following the announcement of a Share Purchase Plan (SPP) earlier today, the offer price for new shares to be issued under the SPP has now been ascertained. The offer price is $3.13, reflecting a 5 per cent discount to the average of the daily volume weighed average price of Transfield Services shares over the five trading days immediately preceding the announcement of the SPP, not including the announcement date namely 19 August 2010 to 25 August 2010 inclusive.
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TSE Price at posting:
$2.97 Sentiment: Buy Disclosure: Not Held