Under the terms of the agreement, Kazia will receive an upfront...

Under the terms of the agreement, Kazia will receive an upfront payment of US$11million(~AU$ 14.2 million), comprising US$7 million in cash and a US$4 million equity investment,priced at a 20% premium to recent trading.


My estimate for the transaction relating to Simcere equity purchase of Kazia shares.
Average of last 7 days closing price Kazia - KZA = AU$1.416 @ 20% premium = Approx $1.70 per share.
US$4,000,000 @ 0.762 = AU$5,249,344.
Kazia issued shares - 3,087,850 @ $1.70.
Represents 2.38% of total Kazia shares.

Latest US trading price for KZIA US$12.90 @ 0.762 and divded by 10 = AU$1.693.

Regards.