Fun MATH ......
PLL Shares on issue 2,194,352,100
SYA Shares on issue 11,543,296,014
Now Pll will get 3 SYA shares for 1 Pll shares = 3 x 2,194,352,100 = 6,583,056,300
Now add 6,583,056,300 + 11,543,296,014 = 18,126,352,314
A grand total of 18,126,352,314 shares for elevra or whatever the name of the merger is.
Now,
divide Pll's share of 6,583,056,300 with 18,126,352,314
So, 6,583,056,300 ÷ 18,126,352,314
= 36.32 %
Wallah, PLL shareholders will magically have 36.32% of the new merged company.
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