RE: RNS out - Restructuring Advisors30 Aug 2024 21:52
Placing involves a subscription by Scott Kaintz, a director of Curzon, for 966,667,200 new Ordinary Shares in the Company (the "Director Shares"), at the Placing Price being £0.0003 per new Ordinary Share.
Been doing some research on cva’s and admin, there was an rns fron curzon, nominal value was 1p yet they raised shares at .0003 ? The proposal didnt go through but the placees ended up owning 92% of the company? Not sure if i read the rns correctly but i thought you cant do a placing below nominal value, can someone explain?