RE: Rights Issue, Open Offer, Placing4 Jun 2021 13:56
The placing is done usually with a discount of twenty-thirty percent of where it was trading in the last ten days.
Last ten days it has been trading at 15p. The placing is at 15p, so he has not done it at any discount whatsoever. That's a compliment to PG and even Novum. Would like for us to get a heavyweight broker. I imagine that will be brought in later on the drills.
Granted would like to have had shareholders fill up. I guess he wanted some institutional holders.