RE: NEW ARTICLE : If you don’t buy an Ascent ticket, you can’t win the raffle7 Feb 2024 15:32
@BillyBob99 the award if won, is up to €656.5M, plus interests, plus litigation costs = probably around 750-800M gross.
51% of net proceedings is reinvested in the company and goes to the ordinary AST.L shares; and 49% of the award distributed as a dividend in the new preference shares (this new dividend preference shares will be given to the ones that are holding ordinary AST.L stock on Monday 19th February 2024 at 6pm, -as in if you hold 1 regular share on that date you will receive 1 preference share on top-)