"Also on 6 June 2005 Crown Corporation Limited entered a commitment to issue 71,000,000 comon shares as consideration for the acquisition of the interests of Crown Pharmaceuticals Limited in Euro235.01 of term deposits"
Form the accounts signed off by SP as CEO and Chairman on 6 June 2005.
What must have been going on in his head. Here we are buying Euro235m of term deposits for £35m of shares. I suppose we have just completed the acquisition of £115k of goodwill for 2m shares there you go.
I wonder what agreement was signed up that constituted this commitment?
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