BPH 4.00% 1.2¢ bph energy ltd

done deal, page-11

  1. 1,999 Posts.
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    Went back, did the calcs again with options, back at 5:1 (not 2:1 per vote ann.)

    We (BPH) do get diluted, but (hopefully) pick up a larger share of Advent.

    If our cap raising money picks up all of the extra 12,000,000 Advent shares then we are better placed than MMR, but a bit behind GBA on a dilution basis. That is with all options being exercised (and BPH's cap raising) diluted exposure to Advent would be:

    MMR: 38%
    BPH: 19%
    GBA: 17%
 
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