If RAC march ahead with their progress, like they have after November last year, then I believe our prices will be a lot higher by the time or before piggies expire.
So, in that case, we only need to sell a small amount of shares for piggies conversion.
Given piggies expire after 2 years, makes sense to buy on market for now while prices are low, increase exposure and then end up with a lot more shares by the end. IMO.
Ann: Application for quotation of securities - RAC, page-6
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