RE: SP drift18 Jan 2023 10:17
Sorry ExMS I don’t understand
Here is the relevant Q and A
Is Lanstead entitled to invest monthly at a fixed discount to the prevailing nanosynth share price from month to month?
A: No. Lanstead will be issued and will immediately pay for the 535,000,000 shares it subscribes for at 0.55p per share. The number of shares issued to Lanstead is fixed and does not change. However, the amount from Lanstead due to the Company under the sharing agreement is adjustable upwards or downwards at each of the 24 monthly settlements that follow. For example; the approximate amount in any particular month will be 10% more than £122,604 if the share price is 10% higher than the 0.7333p benchmark price (“BMP”) or 10% less than £122,604 if the share price is 10% lower than the BMP.