Valid question there that I think flew straight over a few heads...
if 300 million options convert, there's an extra 300m shares in circulation by the record date. Are these shares eligible under the offer as well? If so, there is not enough to go around because 347,754,860 is definitely not 40% of 1.1 odd billion
Ann: Proposed issue of securities - TNR, page-72
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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