RE: 40p next week6 Dec 2019 17:11
In addition, BP Oil International Limited, funds managed by Lombard Odier Investment Managers group, and James Caird Asset Management, being the investors other than Bybrook who participated in the Company's May 2019 Junior Loan Notes, all took up their contractual rights to be granted warrants to subscribe for new ordinary shares in the Company (the "New Warrants") in relation to the grant to Bybrook of warrants to subscribe for up to 8 million new ordinary shares in the Company, at an exercise price of 40 pence per share, as announced on 8th November 2019 (the "Bybrook Warrants"). The New Warrants are on the same terms as the Bybrook Warrants and have been granted over 1,503,798 new ordinary shares in the Company