More shares issued , maybe being dumped end of last week?21 Jul 2024 17:23
Interesting email last week re shares I never expected….
Wonder why they have taken so long to be sorted , I’d already bought the number I oversubscribed for in the open market at the time when I received my open offer shares on 1:1 basis , could some of these be getting dumped and a reason for the poor end to the week??
Based on this I’m receiving g an additional allocation now but at the 1.5p offer
Good look LTH let’s hope for a strong week!
Dear clients,
We hope this email finds you well.
We're writing regarding the open offer of stock Genedrive PLC (ISIN: GB00……
With regards to the subjected stock, on back of open offer, we have received the pending excess shares from our custodian. Hence we will be able to allocate in full for the oversubscribed offer to your account.
However, we see your account currently is with insufficient funds to book the rights. Please check your account and make sure you deposit and will have sufficient funds (xxxGBP) in your account till the deadline of 19th July 2024 10 UK time, after this time, we'll send the instructions to our custodian, which means that your offer elected may lapsed if there will be insufficient fund in the account.
If you have any further queries, please do not hesitate to contact us.
Regards,
Trading Services