doric co dec 2010 q1

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November 19, 2014 at 6:54 am #211188
flippy
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dear sir,
there is a question on dec 2010 question one…one the management buy out proposal,it is stated that amount of investment needed to pay shareholders is 60million…how to get 60 million?
thanks sir!
November 19, 2014 at 6:01 pm #211343
John Moffat
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The price of the shares is current 50c per share (from the question), so if they are being repaid at a premium of 20% it means giving them 60c a share.

From the SOFP there are currently 100M shares, and so at 60c it means paying 60M.
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