RE: DDH1 in the money24 Jan 2019 11:02
Wannabeloaded what on earth are you talking about
We have no idea if DDH have cashed in on their shares as they were admitted to trading on 1st October, and too low holding no TR1 reqd
And as a side note; NO WARRANTS HAVE YET BEEN EXERCISED.
A quick read of the block listing RNS of the 14th it clearly states;
These New Ordinary Shares will be issued and allotted from time to time pursuant to the exercise of warants under the following scheme:
· 212,000,000 investor warrants with an exercise price of 2.0 pence.
Following admission, the Company's issued share capital remains unchanged at 3,225,620,145. The Company will make six-monthly announcements of the utilisation of the Block Admission, in line with its obligations under AIM Rule 29.
To me this reads, that all warrants still need to be exercised and thus will be accompanied by the usual market notification / RNS of warrant execution. They can exercise now if they wanted, as of 18th January they were alloted. Now correct me if I’m wrong but if someone(s) has a load of warrants executable @ 2p, and the current price is 2.5p, and none have yet been executed then that is a positive. Plus the fact none of the director 1.4p warrants have even been executed;)
Onwards and upwards chaps