Where’s All The Holding Rns s17 Sep 2024 23:15
Above 3% ….Our Scotty Was Holding Around ….78% Of The Shares …..
Which He Agreed To Sell ….As Per Rns ….Below …
Looks Like The Potatoes Are Hot……
In connection with the CVA, Peterhouse has conditionally raised £340,000.17 before expenses through the issue of 1,133,333,900 new Ordinary Shares. The Company is currently unable to admit the Placing Shares without either the publication of a prospectus or relying upon an exemption to the requirement to issue a prospectus. Consequentially, the Placing involves a subscription by Scott Kaintz, a director of Curzon, for 966,667,200 new Ordinary Shares in the Company (the "Director Shares"), at the Placing Price being £0.0003 per new Ordinary Share. Following Admission, Mr Kaintz has agreed to immediately sell the Director Shares, at the Placing Price, to certain investors introduced by Peterhouse. Paul Forrest, proposed Director, has conditionally subscribed for 166,666,700 Placing Shares at the Placing Price, which will equate to 13.52 per cent of the Enlarged Share Capital.
The Placing is subject to certain conditions being met, including, inter alia, passing of the CVA and successful restoration of its listing. The proceeds of the Placing will be used to settle outstanding Creditors under the terms of the CVA Proposal and for working capital. Following the full settlement of Creditors as part of the proposed CVA Proposal, the Company will be largely deb