GWR 2.53% 7.7¢ gwr group limited

UioThere was a 3B Announcement back on the 22nd October which...

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    Uio

    There was a 3B Announcement back on the 22nd October which showed an addition of over 640,322,543 shares pending the T/O offer. This was enough shares to fully takeover GWR at the time at a deal of 5 to 1 and was PURSUANT TO THE TERMS OF THE TAKEOVER.

    I dare say that as the takeup increases, another 3B announcement will, in fact, be required to allow for;

    a) The extra 2 shares offered in the revised 7 : 1 deal.

    b) Allow for any extra shares on issue as a result of the capital raising, rights issue and exercising of listed and unlisted options.

    All appears to be above board.
 
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