Help new share price7 Aug 2020 09:56
Hi. Can anyone please advise me with new RI price. As I bit conduce. As per document :
UK issue price of 15 pence per New Share represents:
· a discount of 94.6% to the LSE Closing Price of 279.80 pence per ordinary share on 5 August 2020 (being the last business day prior to the date of this announcement, the "Latest Practicable Date")
But stock price on august 5 was ~55p. And if they propoce 96.4% discount. So what will be new RI price.
Sorry if its dump question but I'm new to stock market.