RE: RNS TR14 Nov 2025 11:43
I think many need to read this..... regarding the mandated sales of the placing shares from May 2025 onwards for equal and mutual benefit of IMM and Lanstead. Anything above 5p and IMM are massively winning in the funds raised.
"The Sharing Agreement provides that the Company will receive seven monthly settlement amounts (6 months of £267,857.14 and the final month of £267,857.16) as measured against a benchmark share price of 5.0 pence per Ordinary Share (the "Benchmark Price"). The monthly settlement amounts for the Sharing Agreement are structured to commence in May 2025.
If the measured share price (the "Measured Price"), calculated as the average of each day's volume weighted share price ("VWAP") of the Company's Ordinary Shares over a 20 day period prior to the monthly settlement date, exceeds the Benchmark Price, the Company will receive more than 100 per cent. of that monthly settlement due on a pro rata basis according to the excess of the Measured Price over the Benchmark Price. There is no upper limit placed on the additional proceeds receivable by the Company as part of the monthly settlements and the amount available in subsequent months is not affected. Should the Measured Price be below the Benchmark Price, the Company will receive less than 100 per cent. of the monthly settlement calculated on a pro rata basis and the Company will not be entitled to receive the shortfall at any later date. As such, the final determination of the total amounts to be received under the Sharing Agreement will only be known after the seven months have elapsed"
Sign In
Follow the stocks
