GEM 1.59% $1.28 g8 education limited

G8 Buys into Affinity Education, page-12

  1. 24 Posts.
    Sure there's dilution...

    AFJ shares + performance rights on issue: 232.77878m
    GEM prior to offer: 365.054637m

    Offer: 1 GEM for 4.61 AFJ shares
    New shares: 232.77878m / 4.61 = 50.494312m

    GEM shares after offer: 415.548949m .... so about 13.8% dilution
 
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