Price drop ?1 Aug 2023 13:47
Could it be due to the below
RNS ‘’ As part of the Management Subscription the Company will also issue warrants on the same terms as the fundraise notification ("the Fundraise") announced on 20 February 2023 this being issue of one warrant over an Ordinary Share for every two Ordinary Shares issued in the Management Subscription. These warrants will be exercisable at a price of 1.20p ("Warrant Price") for a period of two years from grant. Ordinary Shares and warrants issued in respect of the Management Subscription will be issued alongside shares and warrants from the Fundraise which raised gross proceeds of £1,698,000 (comprising 83,333,333 placing shares, 199,666,667 subscription shares and 141,500,000 warrants). The Company will therefore issue a total of 290,500,000 shares ("Admission Shares") and 150,250,000 warrants on Admission’’