what i don't get is the subsequent subdivision in to one 'new ordinary share' and one deffered share. the 'new ordinary shares' seemingly having the same par vale (0.05p) as the old shares... but there will be less of them? I would of thought the new consolidated shares would have a par value of 0.55?
not quite clear though... if you read the rns carefully on the consolidation "e achieved by undertaking a 1 for 11 share consolidation whereby the Existing Ordinary Shares become 0.55p new ordinary shares. These 0.55p new ordinary shares are then sub-divided and reclassified into one New Ordinary Share of 0.05p and one Deferred Share of 0.50p each."
unless some of the 1.5m cash for the deal is already in hand?
that makes the current shares worth around 0.3p mark ???
so 8.2m of the 11.2m mcap is "new shares", leaving current holders accounting for 3m of the proposed new Mcap.
estimated mcap of new deal = £11.2m
336136132 x 2p = £6.7m shares and £1.5m cash = £8.2m
OCT are paying 1.5m cash (raised by subscription) and 336,136,132 Consideration Shares at a price of 2p per share for the acquisition of GIS
hard to work out the numbers