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 !!!
OMN Price at posting:
97.0¢ Sentiment: Buy Disclosure: Held