TGS tiger resources limited

From the announcement:If the Scheme is approved and implemented...

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    From the announcement:

    If the Scheme is approved and implemented and shares in Tiger are issued to the Scheme Creditors in
    accordance with the Scheme, the aggregate shareholding of the Scheme Creditors will (based on the
    value of the secured debt as at 30 November 2019) increase to approximately 99.24%. Therefore, while
    the Scheme does not involve the transfer or cancellation of any existing shares, the Scheme will result in
    a significant dilution of the existing shareholders interest in Tiger.

    Based on the conclusions set out in the BDO Report, the existing shares in the capital of Tiger do not have
    any economic interest in Tiger
    . For further information, Tiger shareholders should refer to Section 9 of
    the Scheme Booklet and the copy of the BDO Report at Annexure D of the Scheme Booklet.
 
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