Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
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From what I can see the placing shares have still not be admitted to the exchange. Certainly no RNS to say so which strikes me a bit odd.
Well my open offer turned into shares late in the day on the planned date of the 10th. Curious to see the thin trading and decline in the share price. Did most of the open offer shares go to a strategic investor? On the 10th I was offered a higher price to sell than to buy within a period of one minute at under 2p. I am waiting for the holding RNS'es which surely should be there in the next few days.
They have already said, why would they issue another RNS.
It is expected that the Admission of the 113,031,304 Open Offer Shares and of the 47,000,000 Placing Shares will become effective at 8.00 a.m. on Wednesday, 10 April 2019.
The Company has conditionally raised approximately £0.94 million (before expenses) through the issue of the Placing Shares at the Issue Price, which represents a discount of 44.8 per cent. to the closing middle market price of 3.63 pence per Ordinary Share on 13 March 2019, being the last practicable date prior to the announcement of the Fundraising, and a 61.9 per cent. discount to the average share price during the 90 days prior to 13 March 2019. Following the issue of the Placing Shares, the enlarged ordinary share capital of the Company will be 838,219,132 Ordinary Shares. Following the issue of the Open Offer Shares (assuming full take-up under the Open Offer), the enlarged ordinary share capital of the Company will be 951,250,436 Ordinary Shares. The newly issued Ordinary Shares from the Placing and the Open Offer will represent 16.82 per cent. of the Company's issued share capital immediately following Admission (assuming full take-up under the Open Offer).
Ach well fair enough. Not sure why but I expected a confirm RNS rather than leaving it as ‘expected’.
Have they sold them as no holding announcement.
What is the mimimum they have to announce a holding is it 5 or 3% cant remember.