Correction to my post - have reread the announcement Bottom line 1. ipo sept quarter - correct
2 armour get 160m mcarthur shares at ipo escrowed for 6 months or more - error get the shares pre ipo - 6 months escrow only applies to tranche 2. I believe the tranche1 shares will be split to create the ipo shares - SOMEONE WITH MORE KNOWLEDGE NEEDS TO CORRECT ME IF I AM WRONG IN MY REASONING DONT WANT TO MISLEAD
• 80 million McArthur OG Shares (Tranche 1 Shares); and• 80 million McArthur OG Shares (Tranche 2 Shares being the Distribution Shareholding).
3. armour shareholders ( at time of distribution ) get 80 m shares distributed after minimum 6 months
AJQ Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
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