Issue Price Determination links adjusted EPS, P/E ratios, return on net worth and NAV to support pricing. Basis for issue price relies on historical and weighted Adjusted Earning Per Share (EPS), comparison with Price/Earning Ratio (P/E) including industry high/low/average, and reported Return on Net Worth. A minimum post-issue return on total net worth necessary to maintain the stated EPS is specified. Net Asset Value (NAV) figures before and after the issue are provided together with the proposed issue price.
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Provisions expressly mentioned in the judgment/order text.
Issue Price Determination links adjusted EPS, P/E ratios, return on net worth and NAV to support pricing.
Basis for issue price relies on historical and weighted Adjusted Earning Per Share (EPS), comparison with Price/Earning Ratio (P/E) including industry high/low/average, and reported Return on Net Worth. A minimum post-issue return on total net worth necessary to maintain the stated EPS is specified. Net Asset Value (NAV) figures before and after the issue are provided together with the proposed issue price.
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