Originally Posted by
Brut
Hi Bermuda,
What price did you pay for your BUL shares under the SPP? My understanding is the offer price is 20% discount to the volume weighted average price over the last 5 Trading days with a price cap of 20c. Has the company advised the price of the SPP yet?
Brut
From the offer:
“Under the Offer, each Eligible Shareholder can subscribe for between A$2,000.00 and A$15,000.00 of new fully paid shares at an Offer price of a 20% discount to the volume weighted average price of Blue Energy shares over the last five (5) Trading days up to and including the Closing Date of the SPP with a price cap of A$0.20. You will not pay more than A$0.20 per share should the price of Blue Energy shares rise though the offer period.”
Therefore a low share price means, the SPP shares will be below A$0.20.