RE: MMs strategy22 Apr 2021 17:53
So tomorrow should be the fifth consecutive day closing above the 40p mid price, activating the accelerator clause, calling on warrant holders to exercise 1,706,670 outstanding warrants at 30p.
The placing RNS 13/7/20, does state the 20p/30p warrants have a 12 month life span, with that in mind, closed period or not, the Director’s should have no problem exercising their entitlement, as
‘5 consecutive days above 40p’ is out of their control, and by exercising they are only obeying the terms of issue.
Exciting potential news flow to look forward to this year.
Reading past RNS’s does give investors a good picture of the company, I thought the placing warrant terms were very good, with reference to shareholders, yes dark times at a sub £5m mcap, but rewards starting to come.