Table:
|  | 2019 | 2018 |
| --- | --- | --- |
|  | $'000 | $'000 |
| Issued and paid up capital | 83,692 | 66,128 |
| Contract for future issue of equity | 16,451 | - |
| Total contributed equity | 100,143 | 66,128 |
| Number of stapled securities on Issue | 2019 | 2018 |
| Opening balance at 1 July | 559,107,042 | 512,913,914 |
| Institutional and retail placement | 105,677,937 | 39,712,882 |
| Distribution reinvestment plan | 9,143,772 | 6,480,246 |
| Closing balance at 30 June | 673,928,751 | 559,107,042 |
Paragraphs:
13. CONTRIBUTED EQUITY
Capital raise On 4 September 2018, the Group undertook a fully underwritten $175.4m equity raising. This resulted in the issue of 105,677,937 new stapled securities (2018: $59.5m equity raising resulting in the issue of 39,712,882 stapled securities).
On 25 June 2019, the Group announced a fully underwritten $170m equity raising. On 28 June 2019, the Group received proceeds for this raising. This has been recognised as a contract for future issue of equity under AASB 132 and has been recognised as contributed equity within the statement of financial position. This resulted in the issue of 99,415,205 new stapled securities on 1 July 2019. These securities are not reflected in the securities on issue above as they were issued subsequent to the year end.
On 25 June 2019, the Group also announced a non-underwritten security purchase plan. This completed on 30 July 2019, raising $13.5m and resulted in the issue of 7,917,735 new stapled securities.
Distribution reinvestment plan During the year, 9,143,772 (2018: 6,480,246) stapled securities were issued to securityholders participating in the Group’s Distribution Reinvestment Plan for consideration of $16.2m (2018: $9.6m). The stapled securities were issued at the volume weighted average market price of the Group's stapled securities over a period of ten trading days, less a 2% discount.
Question:
What was the average Contract for future issue of equity?