1 ordinary share in Canada ===== 10 CDI's in Australia. That's the fixed conversion set at the beginning. Chess Depositary Interests or CDIs are instruments traded on the Australian Stock Exchange (ASX) that allow non-Australian companies to list their shares on the exchange and use the exchange's settlement systems.
So Ken could have bought 20k ordinary shares in Canada or 200k CDI's on the ASX, it's the same value.
PMT Price at posting:
$1.23 Sentiment: Buy Disclosure: Held
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