WAS 0.00% 0.4¢ wasabi energy limited

nt uranium, page-15

  1. 3,497 Posts.
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    There are various ways of doing the priority entitlement but the most common seems to be a flat parcel of say 10,000 shares in the new company to holders. Sometimes there is a minimum amount in the parent company you must hold to qualify, other times no minimum.

    The best way is what ARU did, an in-specie distribution where you get free shares. All ARU holders made a bundle on this. KOR is going to do a mixture of this in-specie distribution for some of the shares plus a priority entitlement. TAS hasn't told us what they are proposing to do. To be safe I like to have 5,000 shares but others have just a few, like 100-1,000 shares.
 
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Currently unlisted public company.

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