From the announcement - its pretty clear.
Intention to demerge psychedelics business into separate unlisted entity,
Reset Mind Sciences Ltd
Demerger to be undertaken via pro-rata, in-specie distribution of 100% of
Reset securities to eligible LGP shareholders who afterwards will hold
separate shareholdings in LGP and Reset
Intention to also offer eligible Reset shareholders the opportunity to
participate in entitlement offer to fund Reset operations
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- Ann: Intention to Demerge Psychedelics Business
Ann: Intention to Demerge Psychedelics Business, page-6
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