Prior to the acquisition, Australis held 22,079,788 common shares
, 12,793,840 warrants and debentures in the principal amount of USD 16m convertible into common shares
at USD 0.55 per common share
The aggregate purchase price for the common shares
Under this NCIB, common shares
may be repurchased in open market transactions on the TSX and/or other Canadian exchanges, or by such other means as may be permitted by the TSX and applicable Canadian securities laws.
(the "forward purchaser") with respect to 6,000,000 common shares
. In connection with the forward sale agreement, the forward purchaser or its affiliate is expected to borrow and sell to the underwriters an aggregate of 6,000,000 common shares
that will be delivered in the offering.
Following the acquisition, the acquirors together hold 28,720,172 common shares
representing approximately 19.98% of the issued and outstanding common shares
(the 17,387,695 common shares
held by Wilks LLC representing approximately 12.10% of the issued and outstanding common shares
and the 11,332,474 common shares
held by the Wilkses representing approximately 7.88% of the issued and outstanding common shares
SMC, however, will have to file for tax-free ruling relating to the exchange of SMB and GSMI common shares
for the new shares.
The Fund is issuing transferable subscription rights ("Rights") to its common shareholders of record as of August 30, 2017 (the "Record Date" and such shareholders, "Record Date Shareholders") who will be allowed to subscribe for new common shares
of the Fund (the "Primary Subscription").
The Common Shares
acquired by One Heart represent 20 percent of all of the issued and outstanding common shares
This was in comparison with profit after tax of SEK231m, or SEK7.40 per common share
, in 2013.
As a result of the buyback, 11,783,301,082 common shares
were purchased from minority shareholders of BTA at the price of 0.24162 tenge per common share
Under the amended plan, 130 PNB common shares
will be issued for each Allied Bank common share
while 22.763 PNB common shares
will be exchanged for each Allied Bank preferred share.