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Correction
On the admission fee there is a minimum charge so it will be between £8k & £12.5k
Damn fat fingers!
Admission fee would be approx £4k
Annual fees £151k
so about £155k total
Siborg
£750 would give an astronomical mcap (in the billions)
As an example.
If our mcap was £112m, then the admission fees would be approx £151k
Annual fees would be approx £113k for the first 50m, and £38k for the next 62m
So for an mcap of 112m, we would be looking at around £151k
Will the share holders be expected to pay for this fee?
And if yes, how would this be presented to us? Would the BOD state "We have come to an agreement with company X, all we need to list now is the fee"? Or would the money raise be required before BOU can confirm an agreement?
thanks for the replies guys.
what was the market cap of BOU before suspension/de-listing, can anyone remember?
750,000 to list main market
It depends on a number of things
Lets assume we list on London Stock Exchange on a standard listing (premium would be far too expensive)
The market cap on admission has a set of sliding scales which increase per 1m value
Then there are annual fees - again dependent upon mcap
But there are savings too. For example, if we list on the standard listing, then we no longer require the services of a Nomad.
And what are the costs to list on an alternative market?
Will an additional share issuing to raise money be expected?
No,
Because we now do not have the constraints of trying to RTO before de listing deadline, it can now take as long as it takes.
Morning
Sorry if somebody has already asked this.
Is there a set-in-stone timescale in which the RTO needs to happen after the developments today?
My understanding is that there are no timescales now to be adhered to, apart from the obvious running out of money. Sorry if it is a stupid question...
thanks