Read, understand and learn10 Nov 2023 08:35
‘Out of the 61,500,000 Conditional Subscription Shares, 50,000,000 can be issued only provided that the market price of an Ordinary Share exceeds 0.3p at the time of issue. Ethernity will shortly be convening a general meeting ("General Meeting") of the Company to seek shareholder approval for an increase in its authorities to allot shares on a non-preemptive basis.
Subject to the passing of the resolutions at the General Meeting, the Subscriber will have until the thirtieth calendar day after the date of the General Meeting to notify the Company to issue the Settlement Shares in full (the "Issuance Notice Period"). Should the Subscriber not call the entire allotment of the Settlement Shares during the Issuance Notice Period, the Company will have no further obligation to the Subscriber at the end of the Issuance Notice Period.‘
The meeting isn’t even until 14th December!
There will also be contract news on other fronts due we may even get this afternoon now this is out of the way! Buy and hold buy and hold simple! IMHO GLA DYOR