The way I read this is the takeover bid doesn’t extend to LMLND shares as they were issued after 10th August 2022.
Once the QGL bid is resolved (completed, lapsed or withdrawn) then LMLND shares will become part of LML'smain class of ordinary shares and there will be only one class of ordinary shares.
It isn’t explained how this will happen. This is not necessary at a 1:1
If you own 1 million MLMND shares they might join as a ratio of 2:1 so you might end up with 500,000 LML shares once they are consolidated.
does anyone else think this could be the case?
It simply can’t be the case that they could be of equal value.
The way I read this is the takeover bid doesn’t extend to LMLND...
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Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $8.410M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $1.018K | 229K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 17580318 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 15179197 | 10 |
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| Last trade - 13.34pm 17/06/2025 (20 minute delay) ? |
| LML (ASX) Chart |