RE: shareholders and placings14 Oct 2020 22:29
Maen, No you shouldn't need to pay tomorrow. We will receive more details tomorrow via RNS.
See below from the RNS:
The Open Offer will be made to Qualifying Shareholders pursuant to the Circular (as defined below).....
"The Firm Placing is conditional, inter alia, upon the Placing Agreement not having been terminated and becoming unconditional in respect of those shares. The Conditional Placing and the Open Offer are conditional, inter alia, upon Shareholders approving the respective Resolutions at the General Meeting. The Company intends to publish and send a circular (the "Circular") on or around 15 October 2020 to shareholders, which will convene the General Meeting in order to propose the necessary Resolutions to authorise the Directors to allot the Conditional Placing Shares and the Open Offer Shares for cash free of statutory pre-emption rights. It will also contain the terms and conditions of the Open Offer. The Circular will be available on the Company's website: www.synairgen.com."