Arcam AB fka AMAVF

[Tom Joad]

re: Would this give them [GE] 90%?

No.

Assuming the worst case, that GE can buy all of the offered shares before little ones have a chance, we have-

Shares outstanding before the preferential rights, 20.75 million.
Shares in the rights issue, 4.11 million.
Shares held by GE, approx. 75% of 20.75 million = 15.5625 million.

If GE could indeed buy all of the shares in the rights issue they would have (15.5624 + 4.11) million = 19.6724 million.

(19.6724 million) / (20.75 + 4.11) million = 79.13%