RNS24 Jan 2025 09:26
Rollover of Director’s REPO
Following previous announcements made by the Company regarding the rollover of the Sale & Repurchase Agreement (the “REPO”) entered into between the Company’s CEO and Executive Chairman, Professor Francesco Gardin, and MC Strategies AG (“MCS”), the Company has been informed that Professor Gardin and MCS have agreed to amend the repurchase price and the repurchase date of the REPO as follows:
The term of the REPO under which Professor Gardin is to repurchase 5,000,000 ordinary shares of 0.25p each in the Company (“Ordinary Shares”) has been extended to 30 June 2025.The repurchase price for the 5,000,000 Ordinary Shares has been amended from 3.483p to 3.568p per share (representing a 5% yearly interest rate on the initial purchase price of 3p). All other terms of the REPO remain unchanged.