RE: Subscription cancelled?21 Apr 2022 11:33
I’ve ordered my entitlement, this is now out
1. The company is limiting the number of new shares issued to the equivalent of Euro 8 million. This means they don’t have to produce a prospectus for the offer but does mean you are not guaranteed to receive all the shares you apply for. The company has estimated that, if the offer had completed on 25 March and all holders applied for their maximum 1 for 5 entitlement, holders would have received approximately 79% of the shares they applied for.
2. If you do not take up your entitlement in full you may receive a cash payment for lapsed entitlements. There is no guarantee this will happen, but if it does you would receive approximately the difference between the market price of Geiger Counter shortly after the offer completes, less the 37.84p cost.
All other information in our message dated 19 April remains unchanged and you still have until noon on Wednesday 27 April to add or amend an application.