Reading the finer details of the Cancellation of shares- Reasons...

Reading the finer details of the Cancellation of shares-

Reasons for the Proposed Selective Reduction of Capital
The Directors consider that the Proposed Selective Reduction of Capital will make the
Company more attractive to future institutional investment and suit a potential future
listing on a US securities exchange.


Might be a year or 2 away, but it is great to see that management are aiming BIG for this.
How big you may ask...

Well they just agreed to cancel 284,000,000 performance shares - at current price, that is around $37m worth of stock that they agreed to cancel.

So I am pretty sure that they are confident they will be able to regain that (plus some), through the increase in value of their remaining shares.


Definitely excited about this stock.