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The open offer circular is out.
"Qualifying Shareholders are also invited to apply for additional Open Offer Shares (up to the total number of Open Offer Shares available to Qualifying Shareholders under the Open Offer) as an Excess Entitlement, if they have applied for in full their Basic Entitlement under the Open Offer. The latest time for application and payment in full under the Open Offer is 11.00 a.m. on 29 May 2024."
Sorry, that should read about to be published....not yet on the website. Another point to note: "Ex-entitlement date of the Open Offer 8.00 a.m. on 14 May 2024" So if you haven't bought shares by now it's too late for the open offer, though not for the REX offer.
Minimum target £6m
Open Offer £2.1 million
REX Offer £3.5 million
Firm Placing&Conditional Placing £2.1 million
Total £7.7m
At 1.5p I don’t imagine anyone won’t be applying for the full entitlement and even if some don’t, these will be picked up via the excess entitlement so the full £7.7m should be raised.
Buying now is basically free money
Even more shares issued just to keep paying wages!
It’s been so miss managed already and now they dilute to get more to miss manage.
What happens when the money runs out again
Massive upside here...going to be over subscribed get in early .. newbies please dyor ..
Hopefully by that time the company will be making some serious money.
For the stroke test; "The Company estimates that the total addressable UK market is up to £8.5 million per annum, based on the assumption that there are over 100,000 strokes per annum and an estimated customer price per test of approximately £100. The EU market is estimated to be c.£93.5 million, the U.S. market is c.£67.6 million and rest of the world markets approximately £51 million."
For AIHL: "The Company estimates that the total addressable UK market is up to £8.5 million per annum which is based on approximately 100,000 NICU admissions per annum and an estimated customer price per test of more than £80. The EU market is potentially another c.£46.75 million per annum, the U.S. market is c.£34 million and rest of World markets around £13.75 million."
Small topup @ 2.2p thanks
Openhiemer..you,re wrong ..imho..
Massive buying
Eureka1,
Are you sure its too late to participate in the open offer? My broker (HL) haven't even provided any details about it?
Stephen11,
Haha
Hi Stephen, According to today's announcement the ex entitlement time was at 8am today. So that was the cut off point for being eligible but it's not the cut off point for buying shares in the open offer if you are already a shareholder. That is later in the month. The circular will give full details.
Cheers Eureka - senior moment on my part 🤣
My account is with ii I have until 16th
The 16th is the cut off point for buying shares in the REX offer which II are participating in.
Carlsberg
I could be wrong but I think you will find that is for the REX - if you look at the bottom it is to subscribe for a £ amount .
This subscription is for a 1 : 1 number of shares , so if you had 1000 shares you could subscribe for 1000 , also we have had the option to subscribe for a few days now on ii , whereas this was only officially released today . As i say I could be wrong but I have mulled over this for a few days trying to understand which offer it is
Eureka you beat me to it and see it the same way as me
Ok thanks
Yes, the official close of the REX offer is on Friday 3pm but it varies from broker to broker. HL, for instance, are closing their REX offer take up at 1pm on Friday.
Almost at the urgent raise price now, will they be switching the lights and heating off in the unused offices or taking a pay
Cut
Trolls gonna troll.
go out get some fresh air rather than trolling boards you arent invested in
@Eureka01
Have you had official email communications from HL via corporate actions ? I have received nowt yet ,it all seems very confusing .
Thanks