How does consolidation affect this20 Feb 2022 16:38
Do these shares now have to be 16p and 20p befroe these warrents can be actioned?
or does 8.25 and 10.25 still stand because were looking at an instant issues as soon as we've consolidated if thats the case
Mon, 9th Aug 2021 13:26
RNS Number : 0406I
Sareum Holdings PLC
09 August 2021
Sareum Holdings plc
("Sareum" or the "Company")
Subscription to raise ÂŁ1,000,000 to progress proprietary TYK2/JAK1 programmes into clinical development
Cambridge, UK, 9 August 2021 - Sareum Holdings plc (AIM: SAR), the specialist drug development company, announces that it has raised ÂŁ1,000,000, before expenses, through a subscription by a high net worth individual (the "Subscriber") for 12,121,212 new ordinary shares of 0.025p each in the capital of the Company ("Ordinary Shares") (the "Subscription Shares") at a price of 8.25p per share (the "Subscription Price") (the "Subscription").
Under the terms of the Subscription, the new Subscriber will also be issued one and a quarter five-year warrants, exercisable at the Subscription Price, for every Subscription Share issued (the "Subscription Warrants"), which can only be exercised following the Company's closing middle market share price being above 10.25p per Ordinary Share for five consecutive days. The Subscription Price represents a discount of approximately 6.8 per cent. to the closing middle market price for Sareum shares on 6 August 2021.