AEG 21604 G Bedienungsanleitung PDF herunterladen (Seite 439)

F-198

Earnings per share

Earnings per share (EPS) has been calculated based on the time-weighted number of shares per balance sheet

date.

Underwriting fee

Part of the underwriting fee has been paid and the remaining will be paid on consummation of a Business Com-

bination.

3. Use of estimates and judgements

The Company makes certain estimates and assumptions regarding the future. Estimates and judgements are con-

tinually evaluated based on historical experience and other factors, including expectations of future events that

are believed to be reasonable under the circumstances. The estimates and assumptions that have a significant risk

of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year

discussed below.

The Company has deferred costs in relation to the IPO, payable on completion of a Business Combination (see

note 10). These liabilities are conditional, but management is of the opinion that since this amount is payable on

the completion of a Business Combination, the liability should be accounted for at face value.

Shareholders who vote against any proposed Business Combination and request redemption may be entitled to

the repayment of their share of the proceeds of the IPO, plus the interest income that has accrued on those pro-

ceeds (less up to € 4,300,000 that may be withdrawn from the trust account by the Company to fund its working

capital and other expenses). The Company will not consummate a Business Combination if shareholders who

hold 30% or more of the IPO shares vote against the Business Combination and exercise their redemption rights.

Each of the Company's shareholders may request redemption of their Public Shares for a pro rata portion of the

trust account at any time after the mailing of information to the shareholders for the meeting to be held concern-

ing the proposed Business Combination, but prior to the vote taken at such meeting. The request will not be

granted unless:

(i) the shareholder votes against the Business Combination,

(ii) the Business Combination is approved and consummated,

(iii) the shareholder continues to hold the Public Shares at the time of consummation of the Business Combi-

nation; and

(iv) the shareholder follows the specific procedures for redemption set forth in the information sent to share-

holders concerning the proposed Business Combination.

Accordingly, the shares have been accounted for as equity within these financial statements.

The Company issued 6,000,000 warrants ("Sponsor Warrants") in a private placement immediately prior to the

IPO. The fair value of the Sponsor Warrants was estimated by the Company not to be materially above the Spon-

sor Warrants issue price and so no share based payment charge was applicable.

Founding Shares were issued in connection with the Company's incorporation prior to the IPO. The Directors

consider the fair value of these shares to be equal to the issue price and therefore no share-based payment charge

arose.

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AEG 21604 G Bedienungsanleitung Seite 439