RE: *NEW PPP mark 2 BIGGER & BETTER - VOTE YES*19 Dec 2025 11:01
How much clearer do you want it?
Background and Reasons for the Resolutions
The purpose of the Resolutions is to enable the Company to issue the following Ordinary
Shares:
a) 6 million Ordinary Shares to Jesse White;
b) up to 56,633,333 Ordinary Shares pursuant to historical arrangements announced to
shareholders on 28 March 2023 and 12 July 2023 and subsequent contributions by
shareholders of the Company, whereby the Company placed existing and to be
issued Ordinary Shares contributed by then existing shareholders, and a lender who
c) up to 18,750,000 Ordinary Shares in respect of the convertible loan notes entered
into by the Company and RMD Group, being 6,250,000 Ordinary Shares to cover the
principal on the initial £250,000 tranche of convertible loan notes, and up to
12,500,000 Ordinary Shares if the convertible loan notes are extended by £500,000
to cover operating costs of the Company until institutional funding is received in
connection with the Lymnytski or other investment projects that are under
review/negotiation at this time;
d) up to 25,000,000 Ordinary Shares to provide headroom for the Company to raise
further working capital; and
e) 9,237,500 Ordinary Shares to be allotted in settlement of fees owed to directors.
Subject to the passing of the Resolutions, the Company intends to comply with applicable
law and regulation to enable it to apply for the admission of these shares to the Official List
and to trading on the Main Market of the London Stock Exchange