Beware20 Mar 2021 16:40
@chumba
One tends to forget these. LO's warrant entitlement was scaled back because of Primary Bid. My reading is that they have 10,937,500 warrants to subscribe for one share at 40p. If they sell some of their holding to raise money for the warrants, the exercise of the warrants will raise funds for the company. Employee share options are around a further 8 million. Again, if exercised will raise funds, but I expect most employees won't exercise until there is an exit clearly in sight.