Oldefella''Assuming no Options are exercised or other Shares issued and the maximum number of Shares as set out in the worked example above are issued, the number of Shares on issue would increase from 1,422,003,620 (being the number of Shares on issue as at the date of this Notice) to 1,692,273.890 and the shareholding of existing Shareholders would be diluted by 19.01%.
The Company notes that the above workings are an example only and the actual issue price may differ.
We can only debate on what the company has actually announced in black and white
Why actually used single out the ,185c example in the calculation and specifically mention 19.01% dilution and then state actuals may differ
Why single out .185c out of the 3 prices mentioned
IMO,
It does spook the market to see it written there in an announcement
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- Ann: Notice of General Meeting/Proxy Form
Ann: Notice of General Meeting/Proxy Form, page-10
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