1,495,000,000 shares
535,492,521 shares held by Ansteel
So 959,507,479 (non-Ansteel) shares at 2.6c = $24,947,194.45
GBG half yearly accounts $33.1m cash and equivalents.
Coda gets $10.0m
Ansteel get $23.1m (from GBG) so costs Ansteel $1,6m ($24.9m less $23.1m)
What a rip off.
NO WAY.
Ansteel have 35.8% of GBG and therefore should only get $11.856m.
We have been sold out.
Ann: Scheme of Arrangement and Demerger, page-5
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