The Plan23 Apr 2021 09:57
For those who haven’t twigged it yet...
This is an old EUA vs new EUA playing out
Old EUA assets (MT, WK) are sold
Existing shareholders will get full benefit via special dividend of all funds received
For new EUA (Rosego JV) therefore, a new fundraising will be needed to move this forward
Existing shareholders can choose to be fully involved via rights issue, where they can reinvest their dividend funds if they’re up for the next part of the journey, or they can choose to walk away and be diluted in the new company
And then of course, new investors (Japan for eg) need to be able to have a stake in the new EUA - hence next weeks EGM
End game is in sight, enjoy the weekend