How do you get the most thumbs up on the thread (apart from the announcement itself) with so many mistakes?
Actual facts:
It will require and equity and/or debt funding.
Dilution will occur:
Mohnish and Deepak currently hold a 7% ESOP pool of TSi India securities. These will be cancelled and replaced by TSN shares to Mohnish and Deepak representing 7% of the diluted share capital in TSN post-option transaction.
Additionally, TSN is to issue TSN shares to Mohnish and Deepak representing 8% of the diluted share capital in TSN post-option transaction with the shares to be issued or to vest upon milestones and be subject to escrow.
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- Ann: Exclusive Option Agreement to Acquire Balance of TSi India-TSN.AX
Ann: Exclusive Option Agreement to Acquire Balance of TSi India-TSN.AX, page-28
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