directors31 May 2018 09:59
took part in last placing at a much higher price
Details of the Subscription
Pursuant to the Subscription, certain new and existing shareholders (including Bernard Olivier, Chief Executive Officer and Nicholas Sibley, a Non-Executive Director of Richland, as detailed in the table below), have agreed to subscribe for, in aggregate, 64,285,714 new Common Shares at the Subscription Price. The Subscription Price represents a premium of approximately 3.7 per cent. to the Company's closing middle market share price of 0.675 pence on 4 September 2017, being the latest practicable date prior to this announcement.