RE: Interesting....6 Aug 2019 23:49
Alba has informed the Board of HHDL that Alba has decided not to contribute to the most recent cash call issued by HHDL, Alba's share of which is £261,000. The Alba Board has determined that the deployment of the Company's cash reserves is currently best directed towards the mining projects which Alba operates and controls.
The effect on Alba's shareholding in HHDL of the Company's decision not to contribute its share of that cash call will fall to be dealt with in accordance with the dilution provisions in the current HHDL investment agreement. In accordance with those provisions, and subject to the HHDL Board determining to apply those provisions, any dilution of Alba's shareholding will be negligible (less than 0.1%).