RE: There you have it2 Sep 2025 13:31
· the subscription (the "Subscription") for 9,630,000 new ordinary shares of 1p each in the capital of the Company (the "Ordinary Shares" and such 9,630,000 Ordinary Shares being the "Subscription Shares") at 3.6p per Subscription Share (the "Subscription Price"); and
· the transfer and subsequent exercise of 40,500,000 warrants at an exercise price of 1p (the "Transferred Warrants") over 40,500,000 Ordinary Shares (the "Warrant Shares" and, together with the Subscription Shares, the "New Shares") as below (the "Warrant Exercise" and, together with the Subscription, the "Fundraise").
THE TRANSFER AND SUBSQUENT EXCERSISE OF 40.5M WARRANTS
This is how they raised £836K.
~£405K from the warrants
~£340K from the 3.6p placing shares
-£100K from directors / BoD
AKA giving a blended price of 1.5p
Have I got that right?
Still doesnt explain why someone bought £85K at 1.9p