Not IFA Advice25 Jul 2023 06:23
Not IFA Advice
Part 1
I did not see anyone comment on AIM Rule 26 being updated (yesterday, even though it says it was updated last Friday)
What was the update? Well, we recently issued 89 million shares on a partial Bond Conversion.
If anyone (IMO) is investing in Shares, they should check all the published information to see if it has an impact on their decision to hold / accumulate / sell.
If our 89 million shares have been “retained” by the Bond Holder, what would that mean for you as a shareholder or potential shareholder?
To assist you: Before Bond Conversion there were 1,068,980,422 shares and the AIM Rule 26 was updated on 9/06/23 to reflect the Placing of 71,428,571 @ 1.4p when we raised £1 million. (Not going to comment on who took part in the placing, but read the last paragraph of the RNS 1/06/23)
Now if you had kept detailed records of the AIM Rule 26 from before the 9/06/23 you may have been able to work-out which (if any) major shareholder increased.
What I can tell you is that the most recent update to AIM Rule 26 our Major shareholders were as follows. Note because we are only given percentages to onw decimal point the numbers are out but just a little. A 0.49% discrepancy would be about 567,410 so technically any major shareholder could have over 500,000 more shares and you would not be aware of it.
HL was 300,383,499 now 309,180,773 increase 8,797,274
Interactive was 138,967,455 now 177,171,005 increase 38,203,550
HSDL was 133,622,553 now 136,641,690 increase 3,019,137
Lynchwood was 43,828,197 now 133,167,749 increase 89,339,551
Eufingest was 86,587,414 now 86,848,532 increase 261,117
Barclays was 58,793,923 now 61,372,962 increase 2,579,039
Lawshare was 48,104,119 now 48,635,178 increase 531,059
Aurora was 34,207,374 now 34,739,413 increase 532,039
FG was 29,290,064 now 29,296,905 increase 6,841
If you double check the above calculations and were aware of previous holdings, then Eufingest, Lawshare, Aurora & FG did not change.
Now if you look at Lynchwood, they increased by 89,339,551 but it is really 89 million (see above re 0.49% = 567,410.
RKB