RE: IOCA on track2 Nov 2022 10:11
260,000,000 ordinary shares at a deemed issue price of £0.0067 pence per share (being the 20-day volume average weighted price of Alien shares on the day that is 20 business days immediately prior to the execution of the (Option Agreement)
the price was fixed with the option agreement as per the 24th August RNS not the completion date which had an 18 month timescale. There is no benefit for windfield to suppress the price, however if they needed cash and knew they would be getting the shares they may have forward sold an amount. In todays market even a few 10's of millions would heavily subdue the price.