smart selling or buying, page-11

Plaino - as promised

current shares on issue (per AR07)= 73,387,002
+ oppie holders converting (AR07) = 32,481,001
+ unlisted oppies = 10,100,000
+ SLV placement = 14,600,000
+ APC placement = 17,500,000
fully diluted at 30 Nov = 148,068,003

oppies as a % of total = 21.9% (note u dont include unlisted as they are really "Employee Option Scheme" options which has a 3% threshold attached to them)

So maybe if its a true demerger, then wont need to convert. I hope GAU have specialised tax people in there for this as ATO cracking down on true demergers in a big way.