RE: Corporate action30 Sep 2020 15:20
The only figure applied to STEM is circa £3m which is the cost to date to TILS of developing the technology. It will be transferred into a new co at this figure, but this is not necessarily what it is worth, that will be determined by the market on flotation. I have no doubt the DoB have a view of what STEM is worth but haven't said openly what that might be. I assume before the float/IPO a value will be indicated as is the case for most IPOs.