RE: RELIST SHARE PRICE14 Apr 2021 20:06
Through various means we need to raise £191M to complete the deal, about £160M inc cash raised on ipo. Question is what will be the debt to equity ratio...
‘The total upfront consideration for the Acquisition, subject to completion adjustments, is EUR 220 million. This consideration will be satisfied through a combination of cash, the assumption by Kistos of an existing bond instrument issued by TONO, the issue of a new debt instrument and the issue to the Seller of equity in Kistos. Kistos will also issue warrants over EUR 5 million of ordinary shares at a premium of 30% to the price of any equity placing to TOH. In addition, contingent consideration of up to EUR 163 million is payable on certain development milestones’