Friday RNS4 Dec 2023 08:51
Friday's RNS said over 15m warrants have already been subscribed. With some of the larger PI shareholders likely behaving like IIs, and only a bit over 19m warrants available in total to PIs, it tells us the take up from smaller PIs has been high, probably very high.
The IIs move this month, along with many larger PIs. Looking good at this stage for the professionals to subscribe in the normal way. Have to bear in mind that as the warrants are untraded IIs will, sane as PIs, have to find the cash first. They have no tradable rights to sell. for any that would want to.
For now at least, the warrants are looking like a very successful exercise. Useful liquidity. Great support from PIs.