RE: RNS5 Jun 2020 08:22
withoutt - yes, as per the RNS :
"ARCM has undertaken to support the Stable Platform Agreement and the proposed BP Acquisitions. In addition, Premier has agreed to issue 82,164,064 new Premier shares, representing 8.91 per cent of the enlarged Group, to ARCM at a price of 26.69p/sh. This represents a 9.64 per cent discount to the volume weighted average price of Premier's shares over the period from 29 May to 4 June 2020 (inclusive). The issue will raise approximately $27.5 million, the proceeds of which will be used to fund part of the proposed BP Acquisitions and ongoing capital investments. ARCM will use the new shares to reduce its current short position (latest reported being 16.69 per cent)."