OMN 0.00% 97.0¢ onemarket limited

Ann: OneMarket Media Release and Results Presentation, page-29

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 997 Posts.
    lightbulb Created with Sketch. 212

    That should be the NTA on a business as usual basis. I wonder however if the liquidation NTA looks significantly different. 


    I wonder, because on page 59-60 of the Information Memorandum, it describes the details of the 2018 Equity Incentive Plan.  Under the section titled "Dissolution or liquidation" it says this:


    "In the event of OM Delaware’s proposed liquidation or dissolution, the administrator will notify participants and all awards granted under the 2018 Equity Incentive Plan will terminate immediately before the completion of such proposed transaction."


    I'm not 100% sure on this, but it looks to me like it's saying that if the business is liquidated, the freebie incentive shares given out to employees get cancelled. Accordingly, the NTA of OMN may be significantly higher on liquidation. 


    Could be something to consider if momentum for a liquidation of the business grows. 



 
watchlist Created with Sketch. Add OMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.