RE: Warrant Meetings Tomorrow29 Apr 2025 14:30
It's the contents shown in the original RNS that are material IMO fwiw
I will post the details, I expect that a certain poster will go mental at me for saying it and post endless abuse but for now I am just just trying to explain some back ground re the warrants themselves, not the other stuff being talked about as a big corporate event.
SCGL £0.00700 897,910,000 Current Shares In Issue
Warrants £0.00250 222,000,000 based on 2 x warrants for every share from the previous placing
Warrants £0.00400 111,000,000 based on 1 x warrants for every share from the previous placing
At those prices the warrants would be worth £999,000 to SCGL in money going straight to the company when exercised.
Currently the warrants could only be exercised AFTER the publication of an FCA APPROVED Prospectus.
Changing the terms to be available as of date of the meeting means they can exercised after the meeting has approved the changes.
Hopefully my calcs are correct but happy if anyone corrects them.