What is this meaning.24 Jun 2021 16:09
Apologies if this is a dumb question. I am pretty new to all this.
The Company confirms that the aforementioned share consolidation will result in an adjustment to the exercise price under the terms of the existing equity warrants issued by the Company in 2017. The exercise price will be adjusted from £0.4017 to £8.0340 with effect from 25 June 2021. In addition, each outstanding equity warrant will be exercisable over one-twentieth of a New Ordinary Share from the 25 June 2021.
Is that going to be the new share price tomorrow or just an example.....?
Kind regards