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INPP open offer


Papillon2000

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International Public Partnerships Ltd have launched an open offer, giving shareholders the right to subscribe to new shares in the company at the ratio of 1 new share(s) for every 12 share(s) held, at a subscription price of GBP 15.95 per share.

Surely, this should read "at a subscription price of GBP 1.595 per share", or is the offer really at a 900% premium to the current quoted share price?

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8 hours ago, Papillon2000 said:

International Public Partnerships Ltd have launched an open offer, giving shareholders the right to subscribe to new shares in the company at the ratio of 1 new share(s) for every 12 share(s) held, at a subscription price of GBP 15.95 per share.

Surely, this should read "at a subscription price of GBP 1.595 per share", or is the offer really at a 900% premium to the current quoted share price?

HI @Papillon2000,

Thank you for your post. I believe that it is a mistake. 

https://www.londonstockexchange.com/news-article/INPP/issue-of-equity/15404470
States 159.9 pence per share.

Have you received that information from the IG corporate action team?
If so, I will ask for it to be rectified.

Thank you - Arvin

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