RE: Pay 360 completed RNS.1 Dec 2022 14:54
Imagine this: a hypothetical company has 500m shares and raises money by issuing another 1.5bn shares and buys various businesses to diversify & expand. The company then gets into massive debt. the company then stops the divi and sells the acquired businesses to get rid of the debt. The company clears the debt. The shareholders are in effect left with a massively diluted holding in the hypothetical company and nothing coming in. This is how I understand things. Ian an ideal world, the money from selling the acquired businesses would go toward buying back shares and then re-instating the divi.