yrr allocation, page-3

yrr ipo with oversubs is 17.5 million shares (+ free option). so, if that is the only criteria, then you would get 1 yrr share for every 44 shares that you own (GPN 770 million shares issued). but there are aother criteria: directors' discretion & first in, best dressed.

gpn will own 40 million yrr, and 20 million yrr opt.

given market opening at 20c per yrr, and 4.2 cents for the yrr opts (allocated value), then GPN's holding in yrr would be valued at $8.84 million, or 1.15c per share.
if yrr opens at more than 20c, do your sums based on these details.