Repost of a previous attempt @Michaeljob
I believe this will prove to be close
The only update is expecting sales to begin Monday 6th being the first market day after cut off date of share retention forms
Given the dates from the announcement the sales window of the unmarketable parcels is between 3-6-16 and 16-6-16
Closing date for receipt of share retention form- 3 June 2016
Unmarketable parcels payment date- expected to be on or about 17 June 2016
The volume available is more likely to be around 60 million shares if you factor in some reasonable guesses
166664 shares is maximum/holder that will be sold x 1526 holders =254,329,264
Assume the average number held per holder is half = 83332
Assume half elect to keep their shares = 763 so only the other 763 holders sell
83332 x 763=63582316
I would expect this calculation to over estimate, as the people that opt to retain shares, will be holders closer to the upper limit of 166664, which will move the average even lower
LWP Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
