RE: Speeding ticket8 Apr 2020 18:09
Yesterdays polo's RNA
They are getting GCM shares off Dyani in exchange for Polo shares with a 50% lock in, so surely this rise has to be
something more directly related to GCM's own long awaited project news ???
PIL has agreed with Dyani to acquire 16,101,931 shares in GCM for a consideration of £1,682,651.79 (the "Consideration")
or at 10.45 pence per share. The Consideration is at a 2.8% discount to GCM's last traded share price on 31 March 2020.
The Consideration will be payable by the issuance of 72,216,815 new ordinary shares in the Company at 2.33 pence per share ("Consideration Shares"). The Consideration Shares will be issued at 40% premium to the Company's last traded share price on 31 March 2020. 50% of the Consideration Shares amounting to 36,108,408 shares will be subject to a 12 month lock in.