RE: Back up5 Aug 2020 10:02
Capital reorganisation ("Capital Reorganisation") in order to increase the market value of the Company's shares relative to their nominal value.
The Directors believe that strong synergies would result from the Acquisition, enabling a commercial and investment strategy with increased revenues and capital gain.
Proposed Placing of approximately Β£2.3 million before expenses (approximately Β£2.0 million, net of expenses) at a price of 65 pence per New Ordinary Share.