RE: Recovery mode 👏🏻6 Nov 2025 07:27
Who dreams this up?
If the EGM Resolutions are not passed, the Company will attract a 428% penalty charge under the CLN, equivalent to £780,980. As a result, the amount due under the CLN will increase to £963,480. The CLN will automatically convert at a conversion price of 0.02249p, being the Current Par Value, resulting in the issue of 4,284,037,559 new Ordinary Shares. These shares would be issued utilising the Company's existing authorities to issue new Ordinary Shares on a non-pre-emptive basis.