GGE 0.00% 0.7¢ grand gulf energy limited

Demerger

  1. 4,481 Posts.
    Am I reading this demerger doc right, GGE will sell assets and gift loyal shareholders 2.55c (in shares) per current share held??

    I know I have had a long day, but this seems too good to be true. Please correct me here but for every 1,000 shares we will receive additional shares valued at $25.00 and keep our 1,000 GGE shares which will obviously be worth less than current value.

    Can't quite rationalize this out yet.....does not compute.
 
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