What this is
New fraction s: 0.23(1-s)+s = 0.25 -> s = 0.02/0.77 = 2.6%; 23.5/0.026 = 905 USDm.
The values
- Issued: $23.5m
- NCI before after: ~23% -> ~25%
- Holder named: no (FY2019-FY2021 10-Ks)
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- New fraction s: 0.23(1-s)+s = 0.25 -> s = 0.02/0.77 = 2.6%
- 23.5/0.026 = 905 USDm
- Rounding band: (0.245-0.235)/0.765 = 1.3% -> 1,798
- (0.255-0.225)/0.775 = 3.9% -> 607
- 23.5 x 149.57 = JPY 3.5bn