RE: Directors21 Jun 2020 14:29
2 directors recently accepted shares in settlement of £10k owed to each of them - see extract from RNS date 4 May below. It was not announced what proportion of the debts owed to them were settled in shares; an investor might wonder what percentage of the debt was settled in shares and what percentage was settled in cash from the proceeds of the placing.
'Kevin Alexander, a Director of the Company and Suzanne Dilly, a proposed Director of the Company, have agreed to convert existing liabilities of £10,000 each, in aggregate £20,000 into 333,333 ordinary shares at the Placing Price, included within the above figure of 1,402,800 Conversion Shares.'