RE: Funding7 May 2019 19:03
HH DID YOU READ THIS BIT?
If, for any reason, it is not possible to issue the CCPS instrument, and consequently the Second Tranche does not complete, then Koovs has the right (subject to shareholder and any other necessary approvals), but not the obligation, to buy back 21,391,563 Ordinary Shares held by FLFL for a nominal value (subject to such price being compliant with relevant rules and regulations) in order to ensure that the effective price (before factoring in the consideration that FLFL would receive as a result of such repurchase) of the First Tranche is 15p per new Ordinary Share issued. Any Ordinary Shares repurchased may be cancelled or held in treasury.