RE: Medpal warrants picture:29 May 2026 13:32
Could be some time before any of these Orana 1p warrants are exercised :
On 11 August 2025 the Company entered into a warrant instrument pursuant to which the Company has granted, conditional upon Admission, 75,000,000 warrants to Orana (“Orana Introduction Warrants”) to subscribe for new Ordinary Shares at an exercise price of £0.01 per ordinary share, subject to specific vesting criteria in connection with the Epassi Agreement. Of the 75,000,000 Orana Introduction Warrants, 25,000,000 vest when 300,000 Epassi clients subscribe for the MedPal app, a further 25,000,000 vest when 600,000 Epassi clients subscribe for the app and 25,000,000 vest when 900,000 Epassi clients subscribe for the app. The Orana Introduction Warrants are freely transferable and may be exercised at any time during the period of five years following Admission at a price of £0.01 per share.
The RNS issued by MPAL on Feb 27 2026 included :
Reached 7,791 installs of the MedPal AI wellness app, all paid for or on the Epassi acquisition pathway.
Need to reach 300,000 Epassi clients before the first batch of 25 million warrants can be exercised.