It’s not static.
If PLS falls below that reference price of $2.85 then then the equivalent value of each LRS share also falls (because the value of each LRS share under the deal = LRS shares * 0.07 * PLS share price at time of deal approval.
This means anyone holding LRS shares right now takes downside risk on a falling PLS share price but also has exposure to upside if PLS rises above $2.85.
LRS General Discussion, page-18782
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Last
20.5¢ |
Change
-0.010(4.65%) |
Mkt cap ! $574.2M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.5¢ | $2.300M | 10.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 524382 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 308712 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LRS (ASX) Chart |