RE: Trades30 May 2024 18:53
SiD 14.25 exercise price on this lot anyway.
Harland & Wolff will also grant Riverstone detachable warrants over new ordinary shares in the company (warrants) as part of this transaction. A total of 10,419,766 warrants will be issued as part of this transaction. Each warrant will carry an exercise price of 14.25 pence per share, which is the closing price of the companyβs shares on 8 March 2022, being the latest practicable date prior to this announcement. The warrants are exercisable at any time after the debt facility has been put in place but must be exercised before 36 months from 9 March 2022.