Potential share issue8 Oct 2024 03:40
Taken from the 2023 / 24 accounts:
13. EQUITY
Authorized share capital
The total authorized share capital of the Company is GBP 5,000,000 divided into 500,000,000 shares
of GBP 0.01 each.
Issued share capital
The total issued share capital of the Company is USD 3,619,443 (previous year: 3,619,443) divided into
182,973,924 shares (previous year: 182,973,924).
So the company can issue 317,026,076 shares based upon its existing authorised authority - that's quite a lot...at £1 per share is £317m and at 5p a share its £16m - I prefer the former and I'm guessing the board do to.
Hoping for good news before the AGM regarding the license and customer renewal agreement - the company seem confident on both so this with a positive reserves update and we might be closer to 100p rather than todays SP.
GLA