RE: NASDAQ?26 Nov 2020 17:46
I think we are seeing the effect of rounding-down to calculate the share allocation, if we assume that the closing prices on the 10th November were used (the day before the de-listing was announced), MPH.L closing was 0.34p = $0.4512 (XR 1.32695), MREO closing was $2.42, so 2.42/0.4512 = 5.3635, rounded down to 5.
So, yes, we are losing approximately 7% of the value of our shares (2.42 - (0.4512 x 5)) / 2.42 * 100 = 6.77) on that date.