REH 0.39% $25.69 reece limited

Ann: Acquisition of Morsco and Capital Raising Presentation, page-33

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  1. 3,322 Posts.
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    I don’t really understand how the 24% of the company not owned by the Wilson family (approx 1.3bil in value) can result in an placement of 420mil with a 1 for 11 entitlement. Anyone able to spell it out for me?
 
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