Quote:
quote:Originally posted by Toddy
I've read the below passage about 10 times today.
IFTWC..... 'sweet'
Infratil intends to undertake a 1 for 1 share split so that the total number of shares on issue in Infratil doubles and immediately after the share split, a free one for ten pro-rata issue of 5 year equity warrants will be made to all shareholders and existing warrant holders.
Key terms of the new warrants are likely to be:
Exercise price : $4.25 (NB. The warrant issue is post the share split.)
Final maturity : June 2012
Very good result for IFT with lots of growth ahead.