RE: Investor meeting summary pt 4 - Fundraise4 Mar 2025 16:43
If the placing was only done to allow new strategic investors on board why didn't they just cross up the forced selling institutional stock at 7 and let them buy the rest in the market?
There would have been no need for a placing at all.
Instead the BOD have helped themselves and diluted existing holders by 30%.
And the small print is the cherry on top of the cake!
* Comprises options exercised over new Ordinary Shares and existing Ordinary Shares held in the EBT, as detailed above.
** Subscription Shares to be acquired by Andrew Knott by not later than 4 September 2025.
*** Includes the issue of 25,598,929 Subscription Shares to Andrew Knott and 113,378,685 Subscription Shares to the New Investor (as defined below) by not later than 4 September 2025.