RE: Requires looking into1 Apr 2020 12:36
My last post probably way off the mark. However the last placing RNS said this:
Following the grant, in aggregate, of the 220,000,000 warrants over ordinary shares, the Company will have 290,076,425 warrants over ordinary shares in issue. Of the above cumulative 220,000,000 warrant granted, 140,000,000 warrants over ordinary shares will be exercisable subject to certain shareholder approvals being obtained at an upcoming general meeting of the Company.
The implication is clear - headroom has run out - not enough headroom for existing warrants to be issued. And there are not 715m of them!