RE: Consolidation20 Apr 2026 11:03
I think it’s quite a positive RNS and strategic moves we should be taking now rather than later .
Regards the comment ‘consolidation to facilitate dilution to oblivion’ isn’t quite right there as we’re buying more of Aspire so we get something for our money, and therefore it’s not dilution, I’m not concerned with it.
As far as raising before or after resolutions are passed, it’s the same thing, 1billion before 1000:1 consolidation is the same as 1m after. By the time the AGM happens and the resolutions are passed, which they will be, all of this will be priced in, starting today. The sp is 19.5% down as I type but it may present an opportunity to maybe top up for some?!
Whatever happens post-AGM, we may well have more pro-rata shares in issue, but to the financial world looking in it’ll be a modest amount in issue at a pence per price, rather than an sp at 1000ths of a pence which, long term, might present an image of weakness or failure to retail and corporate investors.