This "explainer" is just a copy and paste from the shareholders' document

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Sections like this are not an explanation!

"The D-preference are being issued at a premium to their £1.00 nominal value, at the equivalent $7.05 rate per share, which converts to £5.34 per share, using the quoted spot-rate of 0.7576 in the documents. Therefore, the 2.4m D-preference shares have a value of £13,166,643.

"The balance will be the 56m new E-preference shares, which are to be issued at their nominal £1.00 value but, importantly, will still accrue a dividend liability at 11%."

I wonder if Connor is paid by the word. Not sure why else we would need to know that Delia and Michael will still get car park spaces.

Posted By: norwaay, Oct 9, 07:52:28