Placing at 16p / Warrants 30p18 Dec 2019 09:55
YOLO is pleased to announce the placing ("Placing") of 11,562,500 new ordinary shares of 0.01p each ("Placing Shares") with existing investors to raise £1,850,000 (before expenses) at an issue price of 16.0p per share ("Placing Price"), a premium of approximately 6.5% above yesterday's closing bid price. As part of the Placing, each placee will also receive one warrant for every Placing Share subscribed for, exercisable at 30.0p per share ("Warrants") at any time from the date of issue up to 31 March 2021.