RE: PMO1 Apr 2021 12:45
Paul Weidman, corporate finance director of advisory firm Gneiss Energy, said: “On admission, the enlarged company will have 18.5bn shares outstanding and a market cap of £4.3bn ($5.9bn) at a share price of 23p / share.
“Pro-forma net debt is expected to be $2.9bn, giving an enterprise value of $8.8bn.”