Do we believe??29 Aug 2025 09:32
Access to capital: The Directors are appreciative to all existing Shareholders for their ongoing support of the Company. However, given the Company's current market capitalisation, it is particularly difficult to attract meaningful new shareholders, particularly at prices that the Board considers attractive. In addition, the Company has received a number of approaches from potential investors who can only invest in private not public companies, and importantly, at prices considerably higher than the Issue Price, with implied company valuations of £14 - £16 million. Therefore, and whilst no guarantees that any investment will be forthcoming, the Board has concluded that it should be able to access additional funding at what the Directors believe to be a more representative value of the business were the Company re-registered as a private limited company.