JMI.L Share Price (JMI)

Second biggest holding Games Workshop rose by 10% yesterday, which hasn’t been reflected in the share price as yet.

Wow why?

Got it now thanks. Share reorg.

Anyone able to explain the drop when nav is 11 quid?

The original 2015 JMIS offer prospectus states a Trustee will be appointed to exercise any subs that have not been exercised by their holders by the expiry date provided JMI is significantly above the 915 EP. They will then sell the newly created shares into the market and after a deduction for the exercise cost and for fees*from the proceeds, will return the remaining balance pro rata to holders of the subs. https://am.jpmorgan.com/blob-gim/1383254263341/83456/prospectus-sub-shares-23-jan-15.pdf Page 50. *Previously noted these fees range around £50k for other subs. If the case ~1.5p per JMI sub. Notable there have recently been 4x 19k buys of subs @ ~25p. JMI spread 948-955. GK.