RE: Selling picking up speed now8 Sep 2025 12:44
The quantity of warrants is actually 5 times the quantity of subscription shares !
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Subscription
The Company has entered into a subscription agreement with Mr Leon Hogan (the "Subscriber") pursuant to which the Company has conditionally agreed to issue and allot 4,550,000 new ordinary shares of £0.01 each in the capital of the Company ("Subscription Shares") at a subscription price of £0.00021978 each
Warrants
The Company further announces that in connection with the Subscription, the Company has executed a warrant instrument constituting 22,750,000 warrants exercisable on a one for one basis into ordinary shares in the capital of the Company at an exercise price of £0.00021978 per ordinary share and an exercise period of 3 years commencing on (and including) the date of grant (the "Warrants"). The Warrants are capable of being exercised at any time following their issue, subject to the restrictions described below. All of the Warrants will be issued to the Subscriber. '