RE: Larg Trade4 Apr 2022 21:54
Could the large trades be warrants?
The Company 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 Company's shares on 08 March 2022, being the latest practicable date prior to this announcement. The Warrants are exercisable at any time after the Facility has been put in place but must be exercised before 36 months from today's date.