Ann: $100 million investment into The Star, page-3

This if from DeepSeek:

To calculate the effective share price inclusive of the new shares issued without shareholder approval, we will follow these steps:

1. Identify the new shares issued without shareholder approval:

   • Tranche 1A Notes: 278,517,860 Ordinary Shares

   • Tranche 1B Notes: 139,258,930 Ordinary Shares

   • Total Tranche 1 Notes (without approval): 417,776,790 Ordinary Shares

2. Current market data:

   • Current share price: AUD 0.11

   • Shares Outstanding (SOI): 2.87 billion

   • Market Cap: AUD 315.55 million (calculated as 2.87 billion shares × AUD 0.11 per share).

3. Calculate the total shares after issuance:

   • New shares issued without approval: 417,776,790

   • Total shares after issuance: 2.87 billion + 0.41777679 billion = 3.28777679 billion

4. Calculate the effective share price:

   • The new shares are issued at AUD 0.08 per share.

   • Total value of new shares: 417,776,790 × AUD 0.08 = AUD 33,422,143.20

   • Combined market cap: AUD 315.55 million (existing) + AUD 33.42 million (new) = AUD 348.97 million

   • Effective share price: Combined market cap / Total shares after issuance
     = AUD 348.97 million / 3.28777679 billion ≈ AUD 0.1061 per share.

Final Answer:

The effective share price, inclusive of the new shares issued without shareholder approval, is approximately 10.61 cents (AUD 0.1061).