Thanks @friendlydwarves, really appreciate you updating everyone. Great news all around. Looks like they converted the currency back to $AUD at very good levels.
Here was the calculations that OMN put out in the EM prior to delisting:
LOW HIGH 1 2 31 DECEMBER 2019 NET ASSETS $95.6 $95.6 3 4 Estimated Wind Up Costs -$14.5 -$14.5 5 Estimated Liability Reserve -$10.0 -$5.0 6 7 NET ASSETS $71.1 $76.1 8 9 Net Assets After Minority Interest $62.7 $67.1 10 11 - $USD per OMN share $0.603 $0.646 12 13 $AUD / USD $0.686 $0.686 14 15 - Initial $AUD OMN distribution $0.880 $0.941 16 17 Remaining Assets - $USD $10.0 $5.0 18 $AUD / USD $0.686 $0.686 19 - Residual $AUD OMN distribution $0.124 $0.062 20 21 TOTAL $1.003 $1.003
If I leave all the assumptions constant other than the AUD / USD it looks like they converted at an exchange rate of approximately $0.58 as set out below:
LOW MID HIGH 1 2 31 DECEMBER 2019 NET ASSETS $95.6 $95.6 $95.6 3 4 Estimated Wind Up Costs -$14.5 -$14.5 -$14.5 5 Estimated Liability Reserve -$10.0 -$7.5 -$5.0 6 7 NET ASSETS $71.1 $73.6 $76.1 8 9 Net Assets After Minority Interest $62.7 $64.9 $67.1 10 11 - $USD per OMN share $0.603 $0.625 $0.646 12 13 $AUD / USD $0.580 $0.580 $0.580 14 15 - Initial $AUD OMN distribution $1.040 $1.077 $1.113 16 17 Remaining Assets - $USD $10.0 $7.5 $5.0 18 $AUD / USD $0.610 $0.610 $0.610 19 - Residual $AUD OMN distribution $0.139 $0.104 $0.070 20 21 TOTAL ASSETS $1.179 $1.181 $1.183
All feedback and comments on the cacluations greatly received !!!
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