RE: 10mil buy5 Dec 2024 13:46
0.1p remaining outstanding balance ÂĢ170k
currently currently the price is 25% above that at 0.125p so current amount owed is less than ÂĢ170k
New Tech may exercise its Warrant under the Investment Deed is ÂĢ210,000, less the value of the 40,000,000 Subscription Shares issued to New Tech at the time of entering into the Investment Deed (as set out in the Announcement) at the relevant exercise price. Based on the deemed exercise price for this warrant issue of 0.1p, the remaining outstanding balance under the Investment Deed is ÂĢ170,000 (however, this amount may vary depending on the relevant exercise price at the time of exercise). Were the relevant exercise price to be higher than 0.1p, then the outstanding balance would be lower than ÂĢ170,000, For example, were the relevant exercise price to be 0.3p then the outstanding balance would be ÂĢ90,000.