RE: Placing for min £16m28 Feb 2023 15:00
So if at market close the day before the Placing of new shares go live, the SP is still say 32p, it will open the following morning significantly lower due to the SP reacting to the additional shares placed correct ie the dilution?
The number of shares being added is about 65% of the current total so in theory, the opening SP on the day the additional shares go live will be 65% lower than the previous day’s close?