Β£780k it will relist on Q18 Jan 2025 07:57
Β· The Placing will now be undertaken in two tranches. Investors will be invited to bid for up to 8 million new shares at the same minimum price of 9.0p and under the same Dutch Auction terms as announced on 30 December, with a revised closing date as referenced above, and with settlement immediately thereafter (the "Unconditional Shares").
However, all successful placees will now also be entitled to receive one additional new share for each share subscribed for. These additional shares (the "Conditional Shares") will not require any additional consideration to be paid, but will only be issued by the Company to Placing participants conditional on the following;
ΓΌ Trading in the Company's shares not being restored by the close of business on Monday 31 March 2025.
For the avoidance of doubt, should this single condition not be met (i.e. the restoration of trading occurs before this date), the "Conditional Shares" will not be issued and placing participants will only receive those shares already issued via the "Unconditional Shares" issuance