RE: Placing2 Dec 2019 07:31
The procced are being used to close of the deal, a necessary need in the grand scheme of things. GLA
The Company is also pleased to announce that it has raised £304,500 by way of Company Subscription at a price of 1.25 pence per new share in support of this advancing business vertical. The proceeds will be used by the Company to pay pre-closing costs, which it will now need to incur with respect to legal fees and SPV inception. Accordingly, the Company has agreed to issue, conditional on admission 24,360,000 new ordinary shares of 0.1p each (the 'Subscription Shares'). The Subscription Shares will, rank pari passu in all respects with the existing ordinary shares.