I don't think it was ever listed as 1:1.
Everything I read was 'a share' and they never stated what "A" meant exactly. My first reaction was a share meant one share only. Other people interpreted it as one share for each arrow share.
Pretyy much, a share could mean whatever the reader wanted it to read, which is another clever way for Arrow to put a positive spin on this sale.
Ann: Dart Energy Investor Presentation , page-4
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