New share drop in Monday19 Feb 2021 18:23
As long as the new 1p shares are in tight hands , we should be good for a great week . Hopefully a update on Monday with the placing .
Upper Thames further announces that it has received firm placing commitments for a total of £516,000 (before expenses) through a private placement to a series of investors (the "Placing"). Following the Placing, the Company will issue 51,600,000 new ordinary shares of 0.1 pence each at a price of 1.0 pence per share. The proceeds of the Placing will be used for general working capital and to fund and accelerate its new business strategy.
Application will be made for the new shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AQSE Growth Market. Dealings are expected to commence on or around 22 February 2021 and the issue is subject only to Admission.
The Company's total issued and voting share capital upon admission of the new Ordinary Shares will consist of 64,044,882 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.