NIPT22 Oct 2018 08:27
Happy about this,
The increase in subscription shares includes an additional subscription by Adam Reynolds, a director of the Company. Mr Reynolds has subscribed for 500,000 Subscription Shares in addition to the 250,000 shares previously subscribed for as announced on 1 October 2018. The directors of Premaitha, other than Adam Reynolds, who are independent of the transaction consider, having consulted with the Company's nominated adviser, Cairn Financial Advisers LLP, that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned.