Dacata, could you please clarify the following,
There is a company code EPE who is looking to purchase a private company for $235million . It will be through the issue of 2.9 billion shares at 8c a share. Currently EPE only have 175 million shares listed and price is 25c per share. What will happen to a persons shareholding after the issue in terms of dilution considering current shareholders are not included in the new issue to private company and new issue is of massive proportions to current shares on issue?
Am I right to presume the following:
Current market cap = $43 750 000 (175 million x $0.25)
new entity: $235 000 000 + $43 750 000= $278 750 000
New shares on issue: 3 075 000 000
New share price after dilution: $0.091 per share
Is this right? can someone clarify for me what would occur in this situation?
dacata or others query
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