Placing21 Apr 2020 22:43
The chance to place these shares were always in the background...
The second half now not worth just 1.80 a share but worth???? 3.80 plus
Let's see what tomorrows RNS reveals
Even if given at a discount we saw the SP rise significantly last time... this only makes the free float even smaller!
"Company's Extraordinary General Meeting held on 25 October 2019 to issue up to a total of 7,871,000 ordinary shares in the Company in a directed share issue and in deviation from the shareholders' pre-emptive rights. The remaining outstanding authority allows the Company to issue up to a maximum of 3,935,500 new Ordinary Shares pursuant to the Fundraise, which represents 9.1 per cent. of all the issued shares and votes in the Company immediately prior to the Fundraise."