14 Nov 2016 12:33
The People's Operator plc
("TPO" or the "Company")
Share Price Movement
The Company notes the significant decline in its share price this morning. As set out in the Company's interim results released on 12 October 2016, the Board is considering further funding options and its major shareholders had stated their intention to provide further funds for growth. It was stated that these funds would be invested as to £1m equity at a price of 16.7p per share if other shareholders were also prepared to invest £1m at the same price or in the alternative the funds would be made available as a loan on terms to be agreed with the Board. The Board does not believe that £1m is available from other shareholders at 16.7p per share but has been exploring an equity raise at a significant discount to the current share price as a preference to debt financing.
Further announcements will be made in due course.
For further information
The People's Operator plc Nick Dashwood Brown, Head of Investor Relations
| 020 7251 6648 |
finnCap Ltd Stuart Andrews / Christopher Raggett / Simon Hicks
| 020 7220 0500 |
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014