RE: New share holders8 Apr 2020 10:38
Adam H7 - The placing at 35p will have a dilutive effect on the share price proportionate to the total number of shares in issue after the placing, and based on the share price at the time the placing announcement was made. This is a simple mathematical calculation. Please do not get hung up on others stating "we must have an RNS about this", or "the Board needs to tell us whether shares will be sold" because we don't, that is absolute bunkum and codswallop.
What did happen with the SNG shareprice which is exceptional when the intial shares were placed at 35p, the share price (including the placed shares) continued to rise, notwithstanding it was at a healthy premium to the placing price before the announcement. That is very rare indeed and goes against the grain. All other things being equal, the more shares in issue from a placing the lower the share price. Draw comfort from the fact that people interested in the placing at 35p were still willing to drive the share price up to get on board and have a piece of the action. You got to be in it to win it (& all that). No guarantees of course but pretty decent indicator of what is to come, I would suggest.