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Hopefully they will be exercised when we are back at 40p
It's my understanding that none of the 8p warrants can be exercised for a minimum of 6 months by which time I imagine the SP will be far far higher making it more favourable for the warrant holders to exercise...
It will also be a sign of confidence by the warrant holder willing to invest at 8p
If the warrants are exercised surely it would have a negative effect on the sp?
Still another £150k of new share money to come in yet, once that is sorted let us see what they have planned
Certainly surprised to still see Peel holding such a large percentage, I had assumed they were building a stake for a new investor, we shall see where their shares end up
Do not forget the warrants that can be exercised at 8p from the recent subscription offer may come into play shortly
Interesting times ahead
Looks like peel are fancying something big to happen here
PEEL back up to over 16% - news can't be far away now....
When would the UK financial authorities ever not want to be sure the necessary background checks on the funding were done properly.
When have Nigerians ever paid up on time?
It is part of their culture ....
6% holder of ADME
Olanike Anani Non-Executive Director Mixta Africa
Mrs. Olanike Anani
Non-Executive Director
Chief Investment officer at Deux project Ltd
Olanike Anani has cognate experience in investment management and finance. She is the CEO of CLAD Ltd, a single-family office that invests in a range of sectors primarily in Nigeria. Prior to her role at CLAD Ltd, she worked in leading corporations globally including Deloitte LLP UK and GFI Group.
She is a member of the Institute of Chartered Accountants England and Wales and a First-Class Economics graduate from University College London, UK. She sits on the boards of several companies.
and still you leave out the
bit about the warrants, lol.
"after five weeks delay & umm-ing & ahh-ing, a
placee eventually decided that it was marginally
worthwhile going ahead buying shares at 7p"
Course they did Spikey. Course they did lol
So let me get this right...placee's that were involved in the conditional subscription 5 weeks ago when the SP was over 6p have still taken part in the placing even though it was just over 5p at the time?!!
Looks to me that there's nothing marginal about it. The fact that they still took part given the SP was lower speaks volumes to me.
Mrs Anani purchased a further £128,548 to bring her holding to just over 3.5M shares or 6% of the company. So given she paid a premium she obviously has confidence along with Zark Capital of seeing a decent return on her investment from 7p levels.
soz, typo, i meant to say,
"when they come accompanied by 1.25x as many
freebie warrants with an exercise price of 8p ..."
or, putting it another way,
after five weeks delay & umm-ing & ahh-ing, a
placee eventually decided that it was marginally
worthwhile going ahead buying shares at 7p,
when they come accompanied by 1.15x as many
freebie warrants with an exercise price of 8p,
rather than buying shares in the open market
at 5.25p that would have come with zero warrants.
close call, took 'em five weeks to cough up.
still, better for ADME than not coughing up.
... a little strange that the enthusiasts here always
want to ignore the value of those placee warrants.
(NB i am assuming that no additional incentives
were offered to sway their final decision, since
the company did not RNS any extra incentives.)
She'd clearly prefer to pay 7p for a share in a company that has the funds it needs for its planned acquisitive expansion, than 5.25p for a share in a company that will never be more than a stake in Aje.
Put like that, it makes a lot of sense.
Her £129,000 investment at 7p gives her 6% and values the company at around £2,150,000.
With other significant shareholders, including Peel Hunt ( who have minimised their exposure by trading the shares they bought from HH Sheikh Ahmed) plenty are still underwater until this trades up to around 17p.
So the risk-reward for the new investor is pretty well covered despite paying nearly 40% above the current trading price with the likelihood of not being able to buy the amount she has, on the open market, without paying considerably more per share.
It is a bit like a Dragon's Den scenario ... pays £129,000 but she has to have 6% of the company.
Being Nigerian and well placed in the upper echelons of their Society must also help for future negotiations with the Nigerian Government.
Very odd - all those sells over last few trading days and the bid/offer doesn't budge and then that last buy at 13.31 moves the ask up from 5.25p to 5.50p.....strange
PEEL back up to 15.55%
This will move soon enough mark my words
Indeed, good news, doesn’t seem to be a share price mover though!
My hunch is a hold-up with Nomad and regulatory checks for bringing in money from Nigeria.
But we'll never know. What matters is that the current lower sp did not deter the full amount and the full 7p. And, it's gone to one high worth individual rather than dribbled out to a broker's multiple contacts on speeddial.
Don’t know if billionaires as not on Forbes list but certainly they have wealth
Fact that she is Nigerian is better too, this is a positive for me but why is it taking her so long to complete the transaction
Yes. Who needs the Dubai royal family, eh?
This really is big news. Why would the daughter of a multi billionaire put money in her at a 40% premium. Hmm