PER 5.26% 8.0¢ percheron therapeutics limited

$36.8m raise, page-53

  1. 321 Posts.
    lightbulb Created with Sketch. 54
    you're right that for 7 shares you get 1 share at 24c.

    but you get 1 free option for every 2 shares, not 2 free options for every 1 share.

    so for every 2 news shares you buy, you get 1 free option exerciseable at 48c in 3 years (not 4 years).
 
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