RE: Why the big drop?30 Sep 2025 13:29
This explains the drop. Warrants, nicely hidden under the positive statements.
Extra shares coming in tomorrow so guessing smart ones are getting out!
MED has received notice of the exercise and the associated cash proceeds of Cash Warrants, issued pursuant to the Equity Fundraise announced on 11 July 2025, for a total of 800,000 ordinary shares in the Company of 4 pence per ordinary share.
Application will be made for the admission of the 800,000 new ordinary shares to trading on the LSE ("Admission") pursuant to the authorities approved by shareholders at the General Meeting on 8 July 2025. The shares will rank pari passu with the existing ordinary shares and it is expected that Admission will become effective at 8.00 a.m. on 1 October 2025.
Following Admission of the 800,000 new ordinary shares, the Company's issued share capital will consist of 31,765,927 ordinary shares with voting rights. MED does not hold any ordinary shares in treasury. This figure of 31,765,927 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they require to notify their interest in, or a change to their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.