RE: Dilution23 Jan 2026 18:44
In the RNS there is the following information.
Warrants
9,000,000 million Broker warrants are being issued exercisable at 3.5p. The Warrants have an expiry date of three years from the date of Admission.
Following Admission, the Company has 814,857,814 ordinary shares of no par value in issue
Am I correct that if the 9,000,000 Broker warrants are exercised before Jan 2029 then PRD will receive £315,000 and a dilution of less than 1% will occur
But if, as stated in the RNS: If 9,000,000,000,000 Broker warrants are exercised then PRD will receive £315,000,000,000 and there will be 9,000,814,857,814 in issue.
Now that would be a significant dilution.
I trust that it is an error, and that PG pays more attention to figures he publishes, than the creator and checker of the company’s published RNSs