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affc21,Thank you for your answer.
SLF72,Your analysis should be correct. Thank you for your answer.
SLF72 your spot on with your figures.
Updated
Following First Admission and the issue of the 363,165,226 New Ordinary Shares, the Company's issued share capital will consist of 2,814,933,399 ordinary shares of US$0.001. Accordingly, following First Admission the total number of voting rights in the Company will be 2,814,933,399. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
180 Markets Pty Ltd are to be issued 2,000,000 new Ordinary Shares in the Company as part of their fee ("Fee Shares"). Application will also be made to the London Stock Exchange for the 462,310,392 New Ordinary Shares which are being issued pursuant to the Conditional Placing, Subscriptions and issue of the Fee Shares to be admitted to trading on AIM, the ASX and JSE ("Second Admission"). It is expected that Second Admission will take place at 8.00 a.m. on 6 May 2020.
https://www.investegate.co.uk/kore-potash-plc--kp2-/rns/results-of-proposed-fundraise/202104081830129027U/
Total issue of shares in issue is 2,454,121,469 according to the 9th April RNS (that's the way I read it):
"Following this issue, the Company's issued share capital consists of 2,454,121,469 ordinary shares. No shares are held in treasury. Accordingly, the total number of voting rights in the Company is 2,454,121,469."
https://www.investegate.co.uk/kore-potash-plc--kp2-/rns/issue-of-equity/202104090700038991U/
You're right and that makes a nonsense of the maths. Not least because usual convention would suggest the ',' is in the wrong place.
It's a sloppy rns I guess which is a shame. But the final '1' on the total new share number and two of its constituents is actually a (1), which is a reference to a note. And unhelpfully the note doesn't appear on this rns.
SLF72,
2. The RNS disclosed on April 8 "A total of 823,475,6181 New Ordinary Shares will be issued at the Placing Price of 1.1 pence (2.0 Australian cents) for a total value of approximately US$12.50 million1."
New Ordinary Shares :8234million
2. As above 800 million x 1p is 800m 1p's or 8m pound, approx 12m usd
3. 2.5b or 2500m existing shares plus 800m new is 3300 million total.
800million newly issued is approx 25 % of new total 3300 million
I would assume that the figure of around 2.5 billion is the total amount over all three exchanges.
The ninety plus million that you get will be ten times more than the actual amount raised. There seems to be an extra 1 on the end of their shares to be issued, which if you use a calculator can put you wrong. When you count 823 million plus, at 1.1 p it comes to over 9 million pounds.
I have only recently started to pay attention to kp2 stocks. I have a few questions to ask you:
1. kp2 stocks are listed and traded on London, South Africa and Australia exchanges. Its total share capital is 2454m. Is the total share capital of 2454m the sum of the three exchanges, or the total share capital on the London Stock Exchange?
2. The RNS disclosed on April 8 "A total of 823,475,6181 New Ordinary Shares will be issued at the Placing Price of 1.1 pence (2.0 Australian cents) for a total value of approximately US$12.50 million1."
823,475,6181 X 1.1 Pence = 90,582,317 pounds = 124 million US dollars. Why did RNS disclose "for a total value of approximately US$12.50 million1."?
3. RNS disclosed that "a total of 823,475,6181 New Ordinary Shares will therefore be issued pursuant to the Proposed Fundraise, representing approximately 25.1% per cent. of the Enlarged Share Capital."
How is "25.1% per cent" calculated here ?
Thank you.