Errrrrr….. no.
A ticking fee compensates ORG (usually equivalent to interest) for lag time in the event the consortium drag their heels and completion is any later than 30/11, starting from that day. ie it would ADD to the amount payable, not subtract and not before 30/11.
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- Ann: Revised proposal from Consortium at $8.90 per share
Ann: Revised proposal from Consortium at $8.90 per share, page-9
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$10.66 |
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3 | 17737 | 10.650 |
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1 | 94 | 10.610 |
Price($) | Vol. | No. |
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10.710 | 7642 | 1 |
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