"up to 20 million American Depositary Shares ADSs), with each ADS representing a certain number of fully paid ordinary shares of Sundance (Shares) to be determined at pricing of the IPO"
What affects us holders is "The maximum number of Shares proposed to be issued in connection with the IPO is 200 million"
462.6mil shares currently on issue will become 662.6mil shares on issue
Lets hope these guys drum up bullish enthusiasm whereby they pay a premium, otherwise we will be stuck with a significant dilutive impact at our end.
SEA Price at posting:
96.0¢ Sentiment: LT Buy Disclosure: Held
