As an existing retail shareholder in POX Group Ltd, identify which offer type is most likely to result in an adverse outcome from your perspective:

Select one:

a.Share purchase plan (at no discount to current share price).

b.Dividend reinvestment plan (at current quoted share price).

c.Public share offer (at current quoted share price).

d.Private placement of shares (at a 2 percent discount to current market price of share) to one institutional investor.

e.Entitlement (rights) issue (at a discount to current quoted market price of share).