Advised The Renewables Infrastructure Group Limited on a further fundraising of # 110 million under
an existing share issuance programme (led by Ian Fox)
Not exact matches
The purpose of the contribution was to retire such
shares in order to offset stock ownership dilution to
existing investors in connection with future
issuances under the 2009 Stock Plan.
Accordingly, these
shares will be able to be freely sold in the public market upon
issuance subject to
existing lock - up or market standoff agreements and applicable vesting requirements.
I am fine with that, the
issuance of
shares to pay dividends led to a dilution for
existing shareholders, the flipside is that there is a witholding tax on cash dividends from Royal Dutch Shell of 15 %, so my income from that wonderful company will be lower than in the previous year (it was around USD 600 in 2017 and will be around USD 500 in 2018).
-- We're also disappointed to see this
share issuance implies a 4.2 % dilution (of NAV per
share) for
existing EIIB shareholders.
The latter option would not entail hiring banks to underwrite the
issuance of new
shares, but instead list Spotify's
existing equity on a public exchange.
Payment will consist of approximately $ 21.9 million in cash, the assumption of $ 20.5 million of
existing mortgage indebtedness and $ 1.6 million from the
issuance of Kranzco common
shares.