Pdn will end up with 6.1 Billion ordinary shares after restructure and new share issue, by my measure. (Please verify or correct me).
$US145m @ A$0.05 gives 2.9 Bn shares (exchange rate adjustment will alter this slightly)
$US75m @ A$0.05 gives 1.5 Bn shares (exchange rate adjustment will alter this slightly)
Ord. shares currently on issue = 1.7 Bn
2.9Bn + 1.5Bn + 1.7Bn = 6.1 Bn
A 10 for 1 share consolidation will give 600m new ord. shares (at 10x the value? 50c?)
Presumably the share price will drift lower towards the new issue price of A$0.05.
Like what happened when capital raised at certain levels in the past (i.e. A$o.70, A$o.42, A$o.26)
(Again, please verify or correct me).
Overall, I think Pdn will prosper in time if this deal is approved.
Ann: Proposed Balance Sheet Restructuring, page-62
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Last
$11.78 |
Change
-0.030(0.25%) |
Mkt cap ! $3.523B | |||
| Open | High | Low | Value | Volume |
| $11.55 | $11.89 | $11.44 | $24.62M | 2.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 852 | $11.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.79 | 7746 | 3 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |