RE: Oops RNS ..... Placing20 May 2020 21:43
Don’t panic this is good news...
RNS says Assumed gross proceeds on NO LESS than ?170 million..
This is very interesting. 150 million shares in issue, 20% is 30 million new shares.
So company are assuming share price of ?5.67. I presume therefore they have had offers no less than that price in their discussions. And it leaves open the prospect of a higher strike price.