just checking here: can anyone confirm, is the 1:16 offer mean that existing shareholders are given Mungana shares and pay nothing for them, or is this merely allowing KZL holders to be gauranteed to be able to BUY Mungana shares at this ratio in the IPO? My confusion arises from the recent Elementos demerger, where existing holders were indeed given the shares.
Thanks
mungana prospectus lodged, page-30
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