RE: Fascinating.10 Jul 2024 08:46
Hmmm..not sure whichside of the fence I am on this one, £24mil worth of stock will make them 3rd largest shareholder and own 5% of shares, and on top they also additional capital on top of this.
This hints a major shift and attempt to move away from LSE listing in the future.
It also goes against share buy backs. Take money from shareholders to pay for the deal.
It be intresting to see how much extra FCF to add to bottom line and payback period, and period of land lease.
Sounds like a awesome deal for the seller who get to invest in DEC on the cheap, will found out if good deal for DEC in return.