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  1. #21
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    Quote Originally Posted by Ferg View Post
    Can anyone see how the shares on issue went from 14.47m per the 2020 annual report to 100m per the Product Disclosure Statement?

    Yes - a share subdivision - see clause B of the 15 Sep 2020 resolution - link to pdf on Companies Office site


    https://app.companiesoffice.govt.nz/...DDF1E726B829A4


    "The Company proposes to undertake a share subdivision pursuant to section 48(c) of the Companies
    Act 1993 and clause 7.1.2 of the Company’s constitution, at the ratio of 1:5.882 Shares with fractional
    entitlements being rounded up to their nearest whole share (Share Subdivision). The share capital of
    the Company (on an undiluted basis) will increase from 17,003,096 Shares currently on issue to
    100,012,225 Shares on issue as a result of the Share Subdivision."



    This increases existing holders stakes (before subdivision) up to 5.882 shares for each one held before

    At least this method of existing holders obtaining / creating vendor value doesn't put additional intangible balances
    on the company balance sheet, even if it does represent creating a mere $41.5 million (at Float IPO 50c level)
    windfall bonus for the earlier stakeholders, be that locked in or whatever, subject to the market winds..


    There have been other Share Capital increases before this in March, May & June 2020 -

    "Update shares" on the following coys.co.nz page refers to these -

    https://coys.co.nz/:entity?no=648409...CIENCE+LIMITED
    Last edited by nztx; 08-10-2020 at 12:32 AM. Reason: add more

  2. #22
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    Pretty heavy scaling on the Sharesies applications ...

    Thanks for taking part in Rua Bioscience Limited’s Initial Public Offering (IPO) through Sharesies!

    The IPO received really strong interest—the total amount that was applied for is more than the amount we have available to allocate. Because of this, we’ve scaled back everyone’s applications. To do this fairly, every application has been scaled by 27%. For example, if you applied for $100 worth of shares, you’ll only receive $27 worth of shares.

  3. #23
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    Thanks but something not right with the maths there.$100 worth of shares x 27% - =$73 worth

  4. #24
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    Quote Originally Posted by Baaarney View Post
    Pretty heavy scaling on the Sharesies applications ...

    Thanks for taking part in Rua Bioscience Limited’s Initial Public Offering (IPO) through Sharesies!

    The IPO received really strong interest—the total amount that was applied for is more than the amount we have available to allocate. Because of this, we’ve scaled back everyone’s applications. To do this fairly, every application has been scaled by 27%. For example, if you applied for $100 worth of shares, you’ll only receive $27 worth of shares.
    This would mean they receive 27% of what they applied for?

  5. #25
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    The maths is fine. They should've said scaled to 27% rather than by.

  6. #26
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    Thanks , a big difference and looks very positive for a great listing.

  7. #27
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    Quote Originally Posted by shazam View Post
    The maths is fine. They should've said scaled to 27% rather than by.

    What was allocated was in fact only 26.624% of what was applied for via the Sharesies broker allocation by my calculations

    No public pool could make listing day very interesting for RUA on where the SP then goes..

    Obviously there are a pool of Gisborne locals who may have been entitled to a small preferential IPO take up
    which could make for a large Registry book to look after all the rats & mice holdings

  8. #28
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    Is there a prospectus available?

  9. #29
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    Quote Originally Posted by baaantom View Post
    Is there a prospectus available?
    No doubt there will be one, its part of the IPO process.

  10. #30
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    Quote Originally Posted by baaantom View Post
    Is there a prospectus available?
    All information here: https://app.companiesoffice.govt.nz/...60185980847251

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