RE: News in November from Cizzle Bio17 Oct 2024 13:04
RNS 9July Introduce Makabo to support Allan re Marketing and Partnership Strategy.
“Pursuant to the Agreement, Makabo has agreed to waive payment of more than 85 per cent. of its entitled fees and link remuneration directly to the success of the Company, and Makabo delivering enhanced shareholder value, by accepting share options over new Ordinary Shares (the "Options"). Accordingly, Makabo will be issued with 2,464,625 Options in aggregate over the initial six months of the Agreement, with the Options having an exercise price of 1.622965p”.
Then RNS mid Sep re Guernsey Investor (Linked to the other Investor holding 9%) increasing to 3.5%.
Given that no serious free Market buying took place then one would have to say Makabo have cashed in and he took the Shares to increase his holding Yes ?? 0.5% wouldn’t be far off 2.5 million shares. I thank you.