Summary of Displays Calculation of Recapitalization Transaction Expense |
The following table displays the calculation of the Recapitalization transaction expense:
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount |
|
Number of shares/warrants |
|
$’000 |
|
|
(a) Alkuri Ordinary Shares |
|
|
12,267,653 |
|
(b) Opening price of Babylon Ordinary Shares on NYSE as of October 22, 2021 |
10.01 |
|
|
(c) Fair value of Company shares issued to Alkuri shareholders (a*b) |
122,799 |
|
|
|
(d) Outstanding Alkuri Warrants on October 22, 2021 |
|
|
14,558,333 |
|
(e) Opening price of Babylon Warrants on NYSE as of October 22, 2021 |
|
|
|
Public warrants |
2.13 |
|
8,625,000 |
|
Private placement warrants |
2.13 |
|
5,933,333 |
|
(f) Fair value of outstanding Alkuri Warrants (d*e) |
31,009 |
|
|
|
Total fair value of Alkuri Ordinary Shares and Alkuri Warrants (c+f) |
153,808
|
|
|
|
Alkuri’s identifiable net assets |
5,310 |
|
|
|
IFRS 2 Expense on the closing date |
148,498
|
|
|
|
PIPE Transaction |
|
|
|
(a) PIPE Ordinary Shares |
|
|
22,400,000 |
|
(b) Opening price of Babylon Ordinary Shares on NYSE as of October 22, 2021 |
10.01 |
|
|
(c) Fair value of Company shares issued to PIPE investors (a*b) |
224,224
|
|
|
|
PIPE’s identifiable net assets |
224,000 |
|
|
|
IFRS 2 Expense on the closing date |
224
|
|
|
|
Total IFRS 2 Expense |
148,722
|
|
|
|
|
|
|
|
Total cash proceeds received |
229,311 |
|
|
|
Expense of share issue |
(32,787) |
|
|
|
Cash proceeds |
196,524
|
|
|
|
|