RE: LL7 Aug 2020 09:52
Morning Bermuda, just mentioned that Vulpes may partake in the open offer if they wish . They are prior holders so my statement is fact.
The company could have indicated if they are partaking because of the word potential in the offer document extract below. If they dont take up their entitlement then they will be a sizeable chunk of shares to be shared out.
Extract from offer document which is freely available on this site for purpose of copyright.
Vulpes Life Sciences Fund, a person closely associated with Martin Diggle, Non-Executive Director, has subscribed for 18,181,818 Placing Shares. As at 21 July 2020 (being the last practicable date before publication of the Placing Launch Announcement) and immediately following Admission (assuming the Open Offer is subscribed for in full and excluding any potential participation by Vulpes in the Open Offer), the interest of Vulpes in the enlarged issued share capital of the Company is as follows: