That's because there are 5,904,098 Piedmont shares being held by CHESS Depository Nominees Pty Ltd which represents 590,409,800 Receipts Piedmont CDI's listed on the ASX. ( ie 590,409,800 x .93 cents = $549,081,114 Market Cap. )
In turn , the other 9,845,435 Piedmont shares which are listed on the NASDAQ are equivalent to 984,543,500 Piedmont CDI's @ US 73.31 cents last traded equals approximate market cap at exchange rate of .78 of A $9825,344,666.
So when you add the two amounts together you get a Total Australian Dollar Market Cap value of A $1,474,425,780
SYA Price at posting:
6.6¢ Sentiment: None Disclosure: Held
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