Please explain why26 Apr 2019 13:40
The subscription price is 0.6 and the Sp is 0.4
Makes No Sense to me !!!!!
The Agreement stipulates that the Subscription is split into three equal tranches of 71,000,000 shares (the "Subscription Shares"), at a subscription price of 0.6 pence per share, raising gross proceeds of £426,000 per tranche. This represents a total of 213,000,000 shares with gross proceeds of £1,278,000. The Subscription Shares will, when issued, rank pari passu in all respects with the existing ordinary shares of the Company.