RE: P140 Strengthens Again: More Value, More Leverage1 Apr 2026 16:38
Going by the 5p figure example , my calculator says
IMM receive 3,750,000 but Landstead gain ( 6,000,000 - 3,750,000 = £ 2,250,000 + their 12% free shares
At 4 P
IMM receive £ 3,0000,000 so Landstead ( £ 6,000,000 - £3,000,000 = £ 3,000,0000 + free shares
At 8p
IMM receive the full £ 6,000,000 but Landstead " only make £2,000,000 + free shares
So ** Whatever happens they are guaranteed at least £2 million + their 12% free shares ** for distributing to the market the 100 million shares during the 20 months
Nice risk free job 😉