RE: Cash on hand today £150k.... rough estimate, is this right?1 Nov 2024 12:20
MH01 - Its in the 14th August RNS:
Global has successfully raised £600,000 in aggregate before costs through an oversubscribed placing of institutional and high net worth clients of 923,076,923 new Ordinary Shares (the "Placing Shares") at a Price of 0.065 pence per share (the "Fundraise").
The shares issued to Omar and Hamza are for their "consultancy work" to GBP prior to taking roles as CEO and CFO respectively. Note that they didn't take up roles prior to taking the shares, because that would have been part of their job spec and hence no free shares. Interesting!!