Ok, can someone check my math here.
They are issuing shares at 0.31c/share under the divi reinvestment scheme.
total shares issued under the scheme is 6,775,569. That equates to $2,100,426 worth of shares.
At 0.02c a share with 46,975,578 shares on the register, they only paid out $959,511 in dividends.
How can they issue $2,100,426 worth of shares?
Ann: Application for quotation of securities - FNX, page-2
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