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 was USD25,329,229.
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 of GINSMS.
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.
