RNS 0449023 Oct 2019 18:23
I was just having a read through this RNS and I’ve done a copy and paste from part of it. Do these warrants have to be held for two years or can they be cashed in at any time. The bit that caught my eye was that for every two shares bought they get a freebie so if they can dump them for profit at anytime it’s no wonder that the sp isn’t moving. Or am I looking at this incorrectly. Sorry if I’m being a bit of a f***wit.
In addition, one warrant exercisable for a period of 2 years from Admission at a subscription price of 0.0375 pence per Ordinary Share will be issued to all participants in the Fundraising for every two new Ordinary Shares subscribed (the "Fundraising Warrants"). Accordingly, 2,000,000,000 Fundraising Warrants will be issued pursuant to the Fundraising