ACF 2.75% $1.12 acrow limited

Ann: Entitlement Offer Shortfall , page-3

  1. 689 Posts.
    I was hoping someone else had done this, so please be gentle if i get it wrong.....

    666M shares pre CN issue in NMG. RSG own 19.9%, 132.5M.

    Post CN, RSG 132.5M shares, 132.5M CN + 533.7M shortfall CN. (132.5 + 533.7 = 666M).

    708.3M CN to be issued in total. (prospectus)42M CN I haven't accounted for. 5.1 prospectus, p11, 41.9M CN to RSG to raise an additional $5M, bringing total to $85M.

    So RSG have ALL the CN. Wow.

    RSG = 132.5M shares, 708M CN. If or once converted, 840.5M/1432.5 = 58.7%

    I've ignored options for simplicity, and hope board scum holding them are never in the money.

    Goodbye & good riddance tomorrow, Lunatic.

    All IMO. DYOR.
 
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