There is no issue paying out a divvy. PRG can borrow from PERSOL (I dont know where the idea came from that a buyer cant fund divvies. Guess it all depends on how they frame it).
PRG also had $58.7M in cash and $135M in unused credit as at their last AR. Enough to fund a circa $0.76/share in divvies. That drawdown would be paid straight back by PERSOL as per the scheme of arrangement.
Ann: PRG Board recommends acquisition proposal from PERSOL, page-50
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Last
$1.22 |
Change
0.000(0.00%) |
Mkt cap ! $141.0M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8771 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 4 | 1 |
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