It will be depend on the LNC share price (5 day vwap) at the time the merger deal is done. Under the current offer you will get 72c worth of LNC shares per SXP share.
"If the election is made to accept Linc Energy shares, in part or in whole, the number of shares issued will be based on the VWAP of Linc Energy shares in the five trading days up to and including the date of the meeting of SAPEX shareholders’ and option holders’ to approve the Schemes."
SXP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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