Ann: Update on Timetable for Return of Capital, page-20

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geoffwhite8

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30/04/25

09:18

Post #: 78852838
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Originally posted by y23: ↑

could you please kindly explain your reasoning as to why would Molton get over 50% ? not saying you're wrong, just that I don't get it.

Let's say OEL offers to buy back 10% of capital (479.50 mio shares) at 0.02, a 100% premium.
100% of shareholders accept to sell 10% of the shares they own. Net cash outflow for OEL, 10m. OEL immediately cancels the shares.
Molton used to own 48% of 479.50m shares, ie. 230 mio shares. They sold 10% of that. Now they own 207 mio. But the total number of shares is lower as well : 479.50 x 0.9 = 432 mio shares. In the end, they still own 207/432 = 48%... no change.
(taking Bloomberg's data for number of shares, might be slightly off or dated - doesn't really matter for the example).

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Molton may not sell his shares ? On market buy back ?

They could do a 1 for 10 consolidation … not sure how that would improve the SH value ?

OEL Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $23.97M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$61K	12.2M

Buyers (Bids)

No.	Vol.	Price($)
37	36731657	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	13682867	6

View Market Depth

No.	Vol.	Price($)
37	36731657	0.004
21	33314701	0.003
9	8350000	0.002
8	53605000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	13682867	6
0.006	30311674	27
0.007	13663000	12
0.008	18588356	6
0.009	5200000	3

Last trade - 10.29am 17/06/2025 (20 minute delay)

OEL (ASX) Chart

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