Slow burn reasoning8 Apr 2020 09:33
This is info is a cut and paste from the notice of AGM
The Company announced on 30 March 2020 a conditional placing with certain institutional and other
investors, to raise £146,250 before expenses through the issue of 182,812,500 Ordinary Shares at the
Issue Price (referred to in this document as, the “Placing Shares”).
The Placing is conditional, inter alia, on the passing of the Resolutions by Shareholders at the General
Meeting, notice of which is set out at the end of this document. If the Resolutions are passed,
admission of the Placing Shares to trading on AIM is expected to occur at 8.00 a.m. on 1 May 2020.