RE: Rumour of 0.28p placing plans!!1 Sep 2025 13:50
Previous post is disinformation and refers to share DILUTION if all 400m shares are issued.
see below taken from RNS dated 29 August
5 Dilutive impact of any issue of shares
Any issue of New Ordinary Shares after the passing of the Resolutions in order to raise working capital for the Company will dilute existing shareholdings of Shareholders. Subject to securing longer-term financing the Company is likely to seek additional authority to allot shares and disapply pre-emption rights at a further general meeting of the Company and to enable existing shareholders to participate in a fundraising whether by way of an open offer, a retail offer or other appropriate means determined by the directors in consultation with the Company's advisors.
The maximum dilution which a Shareholder will be subject to if Resolutions 4 and 5 are passed and the company issues New Ordinary Shares up to the maximum of that authority is 39% per cent.