Acquisition16 Nov 2016 12:58
First up, IF the BoD likes it, is to avoid any
RTO as that would cost £400k re the LSE
plus suspension time. Way round it is double
plus the PIRI share capital by either all new
shares for cash or partially together with an
increase to say 6.5/7p for existing shares.
Given the thin market in PIRI it should be easy and cheap to increase the SP. Have to
see if it all moves first though as its all very
preliminary at present so no hanging hats on
it as could come to nothing.