Hi Sabine,
It is a bit confusing.
Firstly, there is a Placement of $47m ... we will likely hear tomorrow how that went.
Secondly, the NWH stake of 56.9m shares @ $0.58/share is worth ~$33m.
So I think the Entitlement has been structured to equal $33m ... 965m shares on issue / 17 * $0.58.
My view ... NWH does not want to be a 'kingmaker' by selling its shares to a potential bidder. Instead, it seems its shares will be distributed pro-rata across all existing Spartan shareholders. Not sure about the details.
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Open | High | Low | Value | Volume |
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---|---|---|
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8 | 44964 | 1.275 |
6 | 131688 | 1.270 |
4 | 21500 | 1.265 |
4 | 45000 | 1.260 |
Price($) | Vol. | No. |
---|---|---|
1.285 | 68458 | 55 |
1.290 | 120501 | 26 |
1.295 | 31535 | 6 |
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