RE: BING BANG BONG18 Feb 2021 11:36
I am not aware of any warrants at 17p BTS? As I am aware that is a provision of the placing warrants and the exercise price is 12.75p same as the previous placing.
"(VWAP) of FastForward ordinary shares exceeds 17p per share"
The Placing Warrants
Each Placing Warrant will entitle the holder to subscribe for one further ordinary share of £0.01 in the capital of the Company upon payment of 12.75 pence per share on or before that date which is 24 months from the Settlement Date. The Warrants will also be subject to an accelerator provision, such as if at any time during the 24 month duration of the Warrants the 5 day volume-weighted average price (VWAP) of FastForward ordinary shares exceeds 17p per share, the Company may give warrant holders notice to exercise their Warrants within 10 business days following the Company's notice and to pay the exercise price in full within 20 business days following the Company's notice, failing which the Warrants will automatically expire.