GB Group Ord Shs GBGPF

GB Group plc is a United Kingdom-based company, which provides identity data intelligence products and services helping organizations recognize and verify all elements of an individual's identity at key interactions in their business processes. The Company's segments include location, identity and fraud. The location segment includes address lookup, verification and capture; e-mail validation; phone verification, and data maintenance services. The identity segment includes document verification, data verification and identity investigation services. Its identity verification solutions can be configured to carry out a wide range of functions, including know your customer checks, anti-money laundering checks, age verification checks and liveness detection. The fraud segment includes transaction fraud monitoring, combating origination fraud and in-life fraud investigation services. It provides artificial intelligence powered screening for automatic onboarding or referral of customers.

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GB Group Ord Shs > Mar 9 - Notice of Change now on Sedar

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Comment by Sbeavenxon Mar 09, 2018 8:47pm

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Post# 27695531

RE:RE:RE:RE:Mar 9 - Notice of Change now on Sedar

I understand the porportion of the $140 million for each take-up, but I don't come up with $98M. The offer says that the Aurora owned shares are not used in the calculation, so I'm coming up with 72 % of shares, and $102M instead:

25.2M shares ourstanding -.7M Aurora owned = 24.5M shares

Take-up share ratio is then:

17.8M / 24.5 = 72.35%

Which calculates as $101.3M

Even without the Aurora adjustment the calculation results in $99M. 1 million is a lot to be off.

1

longonMJ wrote: SB: Looks like you are still misunderstanding something critical here.

The only reason that $98M dollars is being paid out at this point in time is that only 70% of the shares have been tendered so far. If you take 70% of the $140M maximum cap amount set aside, guess what.......it is equal to $98M dollars. To me, this means that with just 70% of the shares tendered so far, they have already surpassed their total cash allotment of $140M dollars.

So yes, anybody that selcted the all-cash Option 2 will see the $43 per share paid out for only a portion of their total share holdings and clearly not for all 100% of their shares.