Hi, I own 300,000 shares of CLD just not sure what this new announcement means http://www.wabusinessnews.com.au/en-story/1/69299/Costarella-Design-to-be-privatised- I'm not sure what affect this will have on my shares, I have copied below the part that is confusing me!!
The purchase consideration for the acquisition will be the issue of shares to Dr Tan and Ms Jenkins worth some $50 million, the company claims.
Following the issue of shares, which will be priced at 1.52 cents each, the issued capital of the company will be consolidated so as to have an issue price of 20 cents each.
The company's shares last traded at three cents before placed in a trading halt.
CLD Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
