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