Agree that issuing approx. 100M options at a 20c discount to WGB NTA is not beneficial to existing shareholders, the rest of the deal seems fairly neutral and fair in the way it is being done from what I can see at a quick glance. The options should have been issued at current NTA, the same approach as when they were issues to existing shareholders at the time.
WAR is a beneficiary of this manoeuvre as a large holder of TGG so hopefully the 20c discount on options was done at arms length !
Agree that issuing approx. 100M options at a 20c discount to WGB...
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Last
$2.21 |
Change
-0.010(0.45%) |
Mkt cap ! $785.1M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.25 | $2.21 | $225.3K | 101.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1867 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 2284 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WGB (ASX) Chart |