Know the company act2 Jun 2025 13:52
Mentioned this in my last post to merrylea
That in substitution for all existing and unexercised authorities and subject to the passing of the preceding Resolution, the Directors of the Company be and are hereby empowered, pursuant to section 570 of the Act, to allot equity securities (as defined in section 560 of the Act) for cash pursuant to the authority conferred upon them by the preceding Resolution as if section 561(1) of the Act did not apply to any such allotment provided that the power conferred by this Resolution, unless previously revoked or varied by special resolution of the Company in general meeting, shall be limited to:
a. up to an aggregate amount of £453,345.41 in connection with the Second Tranche of the investment agreement with Gilini Holdings Ltd announced on 23 May 2025;