Lombard Odier12 Jun 2023 08:48
It's understandable from LO. They bailed out the company in the dark days (7p). Exercising warrants at 40p no doubt accompanied by top slicing this morning reduces their exposure, and improves company's finances. LO wins, company wins, other shareholders lose out. They clearly wanted to avoid a repeat of the 2016 situation where the SP spiked.