Consolidation20 Jul 2020 13:59
When share consolidation happens what happens to the excercise price of the warrants?
60 million warrants over ordinary shares of 0.01 pence each in the capital of the Company ("Ordinary Shares") with a 2-year expiry to be issued to the Vendor at FID with an exercise price of 5 pence per share, a c.12-times multiple to the current share price
does it mean these can still be excercised at 5p or does it multiply up with the consolidation?