POS 0.00% 0.5¢ poseidon nickel limited

Ann: Change of Director's Interest Notice for Mr Dennis, page-2

  1. 330 Posts.
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    Is this form correct?

    Before the change Mr Dennis held:
    3,714,245 FPO's and
    4, 216, 012 UPR's.

    He disposes of the UPR's by converting them to FPO's for nil consideration....

    (all fine so far....)

    But he winds up with:

    7,930, 257 FPO's (being the old number of shares plus the new shares issued from the converted UPR's on a 1:1 basis), and
    4,216,012 UPR's (no change from what he originally had.

    Surely, the number of UPR's after conversion is zero??
 
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