On of the things to think about, if they do go for an AIM listing, is where the stock to list in London is going to come from. At the AGM Miles said this about it (ex The Bungy Report and my recollection):
Presumably, that exchange, in particular the SW contribution, means that the alternative to just issuing shares to the London brokers would be to buy on market in Australia and send that stock over - is that some part of what's happening here?
- SH – If you do a dual listing, how does the shareholder base work…with the amount of shares on issue now?
- MK – Same shareholder base. We may need to issue some paper there, just to create a market.
- SW – There’s two ways to get paper there - one is to issue new shares, or you can go to the existing shareholders and take a chunk from there.
B22.
Ann: Quarterly Cashflow Report-LOM.AX, page-32
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