Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Cattleman,
Sorry, was unable to get the document on nuogs website yesterday. The relevant bit from page 23.
PLACING, ACQUISITIONS, DEBT RESTRUCTURUNG AND ADMISSION
STATISTICS
Aggregate number of New Ordinary Shares to be issued pursuant to the
Proposals
up to 355,043,3143
Number of Consideration Shares to be issued pursuant to the Acquisitions 65,000,0003
Number of Restructuring Shares to be issued pursuant to the Debt
Restructuring
90,043,3143
New Ordinary Shares as a percentage of the Enlarged Issued Share
Capital
76.083
Number of Consolidated New Ordinary Shares in issue on Admission 466,678,1453
Number of Warrants in issue on Admission 163,823,6393
Number of Options in issue on Admission 4,800,0003
Market capitalisation of the Company on Admission2 £4.66 million3
—————
(1) These relate to estimated commissions, fees, and expenses payable by the Company in respect of the Placing and Admission.
(2) The market capitalisation of the Company at any given time will depend on the market price of the Ordinary Shares at that time.
There can be no assurance that the market price of an Ordinary Share will at any given time equal or exceed the Placing Price.
(3) Assuming that the Placing Price will be 1p and that 200 million Placing Shares will be issued to raise the minimum amount of
£2 million pursuant to the Placing.
-----------
That orobably doesn't format well. So 463m and 163m warrants. Then there are the further shares down rhe track to pay off the Stevens balance if it falls due. That would be 200m at 1p. This will however be limited to 29.9pc of equity with the balance in cash, so could be as low as around 80m.
I think you're a bit out with that one...my calculations make it around 467m shares!
Going to be around 485000 shares it would appear...if it comes back with a 3.5 to 4m market cap the share price could be higher than many think...thats if my calculations are correct
Found it...
Whats the website name...how do i find it....funny no one can answer a question..Honestly i think we got a fair deal in the circumstances...but if you bought a lot higher than the closing shot i get it hurts...but something is better than nothing
Of course not. But that is not what is happening is it ?
The decline in value is unrelated to the consolidation.
yes same same and just as brutal. But maybe you think being offered £1 quid for your two £20 pound notes is a good deal.
The prospectus is on the website and contains the expected range of shares in issue.
I am not sure why the consolidation is thought of as brutal. It is galue neutral. If they didn't consolidate the price would be 1/40th instead.
Same effect.
Yes how many shares will be in circulation on relist...thats the question
I think we will see it happen within the stated timescales. The BoD don't really have much choice when they say that it will happen "on or before 24th January"
Yep a brutal 40:1 consolidation it is. Absolutely rubbish and insulting for LTH, only a few more days to announce next delay as well.
Small chance they actually might achieve their own self set deadline for once.
I think from memory it was a 40 - 1 consolidation
So how many shares will the new company have ...cant seem to find it anywhere but possibly not looking in the correct place...Thanks
Well not long left to delay again, and they did say on or before… so still could achieve a self set delayed deadline yet!