Yesterdays RNS26 May 2021 14:51
First what is a 'short period'
"Further to Hummingbird Resources plc (AIM:HUM) announcement dated 20 May 2021, the Company announces that the admission of the 35,248,441 Ordinary Shares payable to the shareholders of Cassidy Gold Corp has been delayed for a short period. A further update will be provided as and when appropriate."
From the the 20th may rns...what exactly is 'on or around'
"Further to the announcement on 26 June 2020, which set out the key terms of the Sale and Purchase Agreement for the Company to acquire the Project, the granting of the mining licences triggers the requirement to pay the initial consideration of £10.0 million, which will be satisfied by issue of 35,248,441 new ordinary shares in Hummingbird at a price of 28.4 pence per ordinary share to the beneficial owners of the vendor. Approximately 85% of these shares are subject to a 12-month lock in and 12-month orderly market arrangement. Application has been made for these shares to be admitted to trading on AIM, which is expected to occur on or around 26 May 2021."
Was there really any need for that rns on the same day as a coup, what exactly was the market sensitive news that updated the market in a fair and transparent way? All it did was cause confusion, anxiety and uncertainty.
Pretty poor form imo