A wee Bit of plagiarism21 Dec 2017 21:53
But extremely sobering
RI RNS So NLR's entitlement aside, only 1.3m RI shares were taken up by existing shareholders. If we assume that Richard Harris (680k shares) and Graham Donaldson (508k)took up their full entitlement, that would be a combined total of approx 800k new RI shares for them - plus, presumably, the majority of the additional 300k Excess shares. Which would mean only 500k were taken up by other minority shareholders, including you lot. Put in context, there are over 8m shares in issue (excluding the holdings of the notifiable shareholders) with RI entitlements of approx 5.5m shares; so over 90% of them ignored the RI. Judging by the share price since the RI announcement, that looks like a good decision