RE: Tarana 2021 order highlights30 Nov 2023 23:27
Cheers quant. Recapping rns, so that 26million trade was deffo a cell was 5g selling the last 26million of tranch one and they got 43 million coming soon which they will drop straight away and then the last 61mill tranch only 11million may come to market if the share price aint over 3p.
Snippet from rns
The Company has issued and allotted an initial 44,900,000 Ordinary Shares (the "Tranche 1 Shares"), conditional on their admission to trading on AIM, pursuant to the Company's existing share authorities. It will issue a further 43,600,000 Ordinary Shares to the Subscriber on receipt of a notice from the Subscriber, also pursuant to the Company's existing share authorities. Subject to the Company receiving shareholder approval for an increase in its headroom to allot shares free from pre-emptive or other preferential rights or other rights or restrictions, the Company will issue a further 61,500,000 new Ordinary Shares (the "Conditional Subscription Shares") to the Subscriber on receipt of subsequent notices. Out of the 61,500,000 Conditional Subscription Shares, 50,000,000 can be issued only provided that the market price of an Ordinary Share exceeds 0.3p at the time of issue. Ethernity will shortly be convening a general meeting ("General Meeting") of the Company to seek shareholder approval for an increase in its authorities to allot shares on a non-preemptive basis.