Hold 5.99 % instead of 7.99%. They bought approximately 25 million new shares. Wondering who is The placee that sought 15m us dollars worth of shares
See Pageant has increased its holding to 4.61% from 4.22%. I presume this is post placing percentage.
On Providence Website document results of EGM Says largest placer subscribed for 15m dollars in shares
See one large placer Took 15m dollars of shares. Wonder who that is.
BlackRock cuts stake in new blow for Providence
It reduced its stake in Providence Resources, led by Tony O’Reilly junior, to 3.4 per cent
Sat, Apr 16, 2016, 01
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I Will take up offer And over subscribe plus bought additional shares in Market last week. No idea what is Going on behind closed doors but Believe The fact that they were able to raise money And that Melody Took part payment And Cenkos full payment in shares must be a good sign. My breakeven is about 50 cents for entire investment. Last throw of dice !!!
I Would think presentation is just to ensure open offer gets taken up !!
I imagine Cenkos got its 6 million in fees for organizing placement. This Would include underwritting issue I hope. Surely nobody Would leave 68 m dollars worth of currency nacked without a forward swap over a volite brexit vote period