Open offer RNS15 Aug 2018 08:04
The Company is pleased to announce that, further to its announcement of 6 August 2018, it is today posting a circular (the "Circular") to applicable Qualifying Shareholders regarding an Open Offer to raise up to approximately £1.2 million through the issue of up to 52,439,328 Open Offer Shares at an issue price of 2.25 pence per share. This is in line with the Director's previously stated intention to launch the Open Offer shortly following the announcement of the Placing to enable Shareholders who were unable to take part in the Placing to have an opportunity to participate in the proposed issue of Open Offer Shares. The Circular will be also be made available today on the Company's website at www.solooil.co.uk.