Ann: URW announces a EUR 9.0 Bn RESET plan, page-3

From the URW Press Release:
...'A fully underwritten €3.5b capital raise to be used immediately to reduce leverage...'

...'The capital increase will be open to the public in France and the Netherlands only, and in Australia for CDI holders.'
'The capital raise is subject to approval by URW’s shareholders and is expected to maintain existing shareholders’
subscription rights unless otherwise proposed to the Extraordinary General Meeting (“EGM”) of URW SE, to be
convened, and expected to be held in Q4 2020.'

Yahoo Finance lists MC as €5.2b and CNBC lists MC as €6.2b. H120 reports €56.1b in assets with a LTV of 41.5%. The mind boggles at how far the MC is from the NTAV.

URW.AS share price has already crashed 9% on opening as a result of the announcement. At the time of writing this it is €36.50 which equates to A$2.95 for the CDI, it will be interesting to see where it ends and how the ASX:URW reacts tomorrow given the current disparity is only 3% and that tomorrow is a Friday!

DYOR