RE: Nuts!8 Apr 2025 10:23
Not if you believe previous statements:
"On 15 October 2024 the Group strengthened its cash position (and increased its debt) with a new £40m facility from Hayfin. As previously announced the Hayfin Facility comprises a £20 million committed five-year term loan and £20 million uncommitted incremental facility. As part of these financing arrangements, the Company has also issued to Hayfin 131,603,616 warrants to subscribe for new ordinary shares, representing approximately 2.7% of the issued share capital of the Company, with a nominal exercise price of 0.1 pence per warrant and exercisable for a period of ten years from the date of issue. The Hayfin £20 million loan is subject to an upfront arrangement fee and has a variable interest rate based on SONIA plus 9.5% per annum with interest payable based on Company selected interest periods."