RE: 31m popped up12 Feb 2018 18:43
Can't sell till April according to this.
The consideration for the Acquisition is �1,000,000, through the issue of 500,000,000 new ordinary shares of 0.1 pence in the capital of the Company ("Ordinary Shares"), at a price of 0.2 pence per share (the "Consideration Shares"). The Consideration Shares will amount to 21.22 per cent of the enlarged Ordinary Share capital of the Company. The vendor of Timegrand is Empire Global Management Limited ("Empire"), a company incorporated in Dubai, which has been granted licensing rights by WPJ Services ApS, a company incorporated in Denmark that created the WPJ Services Control Center software. Empire has entered into an agreement with the Company to not sell or encumber any of the Consideration Shares for a period of 12 months without the agreement of the Company (subject to exceptions equivalent to those set out in Rule 7 of the AIM Rules for Companies). Empire is owned by a number of shareholders, none of whom would constitute a Person with Significant Control (as defined in the Small Business Enterprise and Employment Act 2015) if it were a UK registered company.