Looking forward to the Deloitte Report on this transaction - the underwrite of the rts issue is paid for by the underwriting fee. But the issue of so many cheap options to Ironbridge can only be seen as payment to them for their providing new margin loans to the directors to get their shares back from Lift Capital.
Why are shareholders expected to pay to get their directors shares back?
Ann: Recapitalisation Proposal , page-5
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