Can someone please explain2 Dec 2021 17:37
Proposed Placing, Subscription and Open Offer to raise up to approximately US$11.0 million (£8.2 million).
Open Offer for existing shareholders - up to US$ 2.0mil
Director
As part of the Subscription, certain Directors of the Company intend to subscribe for New Ordinary Shares for approximately US$1.5 million (£1.1 million), of which Adonis Pouroulis intends to subscribe for approximately $1.4 million (£1.0 million);
The Fundraising will not be underwritten by any party.
So who is going to subscribe for the rest of the money
Someone please explain?
Thank you