This taken from Crown crucified.
According to an article by Edward Kalfiyan at Lemming Investor, CCO's seed investors held shares worth 278% of their original stake mid-December when the price was £7.50. If Kalifyan is correct the placing price was Euro 3, or approx.£2 a share, with 18.41m (100%) roughly distributed as follows: Rybak (7.6m/41%), The Demagistri's (6.7m/36.5%), Michelutti (3.3m/18%) and Regli (800k/4.5%). Excuse my ignorance if I'm missing something, but how come this placing money (£36.82m fully paid?) wasn't capitalised on the Balance Sheet? Until I read this article, I was under the impression that these early shares had been issued at par.
It might be worth speaking to Mr Kalifiyan to ask him where he got his info from regarding the placing being at £3 per share.
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