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June 2016, Q2(c)

This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.

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May 29, 2018 at 8:29 pm #454718
tasnuva
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While calculating the impact of bid on EPS, and under the headline of : All Tidded Co shareholder take up share offer
Why is the number of shares after acquisition 340m + 90*2? I understood the 340 but why is 90 multiplied by 2? I can’t understand the logic behind it
May 30, 2018 at 5:59 am #454739
John Moffat
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The proposal now being considered is to offer to Tidded 2 shares in Louieed from every 1 share in Tidded. They are currently 90M shares in Tidded, so at 2 Louieed shares for every 1 Tidded share it will mean there will be 2 x 90M = 180M new Louieed shares.
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