RE: What Price New Shares29 Nov 2021 10:32
Investor it will be a rights issue. They have already said that in the last court hearing. Any shares not taken up will be on the open market.
The level will be based on a fund raising amount not a share ratio. It will then be a share ratio at that point in time and as the previous level was 30p for a probable passing of a soa I would expect it to be based on a ratio at the 30p vs what the current price is. Basically, buying now ensures a good dilution I believe.