I see a fund raising coming30 Jun 2020 08:23
RESOLUTION 9– SHARE CAPITAL REORGANISATION
The Existing Ordinary Shares have a current nominal value of £0.001 per share. In the future if the Company
wished to raise funds via an issue of Existing Ordinary Shares it could not do so at a price of less than £0.001,
being the Existing Ordinary Shares’ nominal value and the approximate current share price of the Company.
The Company is therefore proposing to undertake the Share Capital Reorganisation, the effect of which will be
that the number of Ordinary Shares in issue will be reduced and the Company’s share price will
correspondingly increase. This will allow the Directors to raise further funds for the Company following the
Annual General Meeting, without having to call another general meeting should any fundraise price be below
£0.001 per share and the Board determine this to be correct course of action. The Board has, at present, no
definite plans to issue further New Ordinary Shares.