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Delayed until Feb. Funding not completed24 Jan 2022 20:32
24 January 2022
Guardian Global Security plc
Formerly Nu-Oil and Gas plc
('the Company')
Update on target Admission Date
Guardian Global Security plc (formerly Nu-Oil and Gas plc) announces that it is the process of completing its fundraising and that admission to the Standard Segment of the London Stock Exchange is now expected to take place in early February. The Company and its Financial Adviser, Novum Securities Limited have accordingly agreed to extend the long stop date agreed between them.
The Pricing Statement will be published following the completion of the fundraising detailing the Placing Price and the number of Placing Shares.
Enquiries
Guardian Global Security plc (formerly Nu-Oil and Gas plc) Tel: +44 (0)203 7400 207 Jay Bhattacherjee
Novum Securities Limited Tel: +44 (0)20 7399 9400 David Coffman
Is the 0.1p not based on the pre undiluted shareholding. Looking back NUOG had around 3.39bn shares in circulation. It doesn't make sense for this to increase after consolidation. If that is the case the 0.1p would become 4p. But what the hell do i know!!
I only say 1p because that is the price the new shares are being issued at. I think we all hope it will be higher. It said somewhere about a market cap of £4.5m, so whatever that works out to be - not sure what the new shares in circulation will be
I work it out differently to that. £7500 @ 0.6p means you have 1,250,000 shares. Consolidate them by 40 means your new shareholding is 31,250. If the list at 1p each which seems a fair bet, then you are looking at £312.50