Following completion
Cradle has bought back and cancelled 36.9 million shares held by Tremont. Cradle now has 152,748,622 ordinary shares on issue.
PHT will be owned by Tremont 63.2% and Cradle 37.2%.
Tremont will fund all ongoing financial requirements of PHT and the
Under the shareholder agreement, PHT may only undertake a development capital raising for the
Cradle holds 19,086,345 shares in PHT and the right to a further 490,219 shares subject to regulatory approval (representing 37.2% of issued shares).
Cradle has approximately
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