| Summary of Displays Calculation of Recapitalization Transaction Expense |
The following table displays the calculation of the Recapitalization transaction expense:
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Number of |
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Amount |
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shares/warrants |
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$’000 |
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(a) Alkuri Ordinary Shares |
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|
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12,267,653 |
(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 |
(e) Opening price of Babylon Warrants on NYSE as of October 22, 2021 |
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|
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Public warrants |
|
2.13 |
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8,625,000 |
Private placement warrants |
|
2.13 |
|
5,933,333 |
(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 |
(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 |
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224 |
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Total IFRS 2 Expense |
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148,722 |
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Total cash proceeds received |
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229,311 |
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Expense of share issue |
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(32,787) |
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Cash proceeds |
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196,524 |
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