Originally posted by sle
Page 13 of the prospectus I was referring to:
No Offer Shares will be subject to escrow.However the Board anticipates that the following securities on issue as at thedate of this Prospectus, will be subject to escrow restrictions under the ASXListing Rules as follows:> 65,404,233 Shares held by Tyhold will be escrowed for 24 months from thedate of Admission;> 1,994,303 Shares held by Other Investors who are neither promoters norrelated parties of the Company will be escrowed for 12 months from thedate of issue of such Shares;> 550,909 Shares held by Other Investors who are promoters or relatedparties of the Company will be escrowed for 24 months from the dateof Admission; and> 2,104,876 Shares held by the Lead Manager and its associates will beescrowed for 24 months from the date of Admission.
Just following on from this, is there any specific reasons as to why only 2.5m out of 35m shares currently held by 'other investors' would be in escrow and not a higher proportion? Does anyone have a straight, non-politician like answer?
I thought there was a cash formula for working this stuff out based on the issue price and/or timeline of past shares...
In for a small bid, can't get as excited as I'd like the given capital structure in a market with shaky sentiment, but interested in the business itself which has to take priority. Peak hopefully on hand to mop up those taking profits too, albeit higher market cap stock compared with some of their past floats
