RNS21 Feb 2022 16:02
Result of Open Offer
The Company is pleased to announce that the Open Offer with valid acceptances received in respect of 3,634,825 Open Offer Shares, representing a take-up of over 48.9 per cent of the 7,432,454 available Open Offer Shares.
All Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Basic Entitlement. Accordingly, the Open Offer has raised total gross proceeds of approximately £745,000.
The Company will apply for admission of the Open Offer Shares to trading on AIM. Admission will occur at 8.00a.m. on Friday 25 February 2022. On Admission, the Company will have 172,283,908 Ordinary Shares in issue and there are no shares held in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Revised expected timetable of principal events