lower schreef op 26 juni 2017 15:40:
Afkopen die warrants via cashless conversion.
Als de omzet goed door groeit dan heeft Pharming de niet nodig
www.investopedia.com/terms/c/cashless...DEFINITION of 'Cashless Conversion'
The direct conversion of ownership (from one ownership type to another) of an underlying asset without any initial cash outlay from the investor.
www.investorvillage.com/smbd.asp?mb=9...To illustrate a cashless exercise:
...assume a trading price of €0,70 per share and 100 miljon warrants to acquire 100 miljon shares at an exercise price of €0,288 per share.
Presumably, the warrants are worth €41,2 miljon (€100 miljon x €0,70 = €70 miljon less the exercise price of €28,8 miljon).
In a cashless exercise, the holder would surrender the warrant in exchange for 58.857.143 shares (€41,2 miljon intrinsic value of warrant divided by the €0,70 stock price)....
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Hoe hoger de koers des te beter zo'n deal voor de zittende aandeelhouder.
Als de houder van de warrant akkoord gaat...