MASSIVE news this....23 May 2025 11:27
ROAD AGM statement – market hasn’t read paragraph 11 on this – 14.75mln is a lot of fire power to buy back!!!!
THAT the Company is generally and unconditionally authorised for the purposes of section 701 of
the Act to make one or more market purchases (within the meaning of section 693(4) of the Act)
of its own ordinary shares on such terms and in such manner as the Directors may from time to
time determine, but subject to the following provisions:
(a) the maximum aggregate number of ordinary shares authorised to be purchased is 14,367,780;
(b) the minimum price (excluding expenses) which may be paid for each ordinary share is
£0.00860675675675676; and
(c) the maximum price (excluding expenses) which may be paid for each ordinary share is the
higher of:
(i) 105 per cent. of the average market value of the Company’s ordinary shares for the five
business days prior to the day on which that ordinary share is contracted to be purchased;
and
(ii) the higher of the price of the last independent trade of and the highest current
independent bid for the Company’s ordinary shares on the AIM market of the London
Stock Exchange at the time that ordinary share is contracted to be purchased,