RE: £15m Rights Issue7 Mar 2022 21:57
It isn t viable to have billons of shares on the market so there is going to be a twist here. It would be unmanageable and untradeable i rather think. Therefore use a bit of lateral thinking to see how a 20/1 dilution could be interpreted. For example. Could it be a series of raises over 2-4 years that arrives at the dilution. Bondholders still need paying back..Or there could be an immediate buy back programme which would mean a swift rerate and lots of the shares taken back off the market. Any other ideas?