Geiger Counter Ltd Sub Share Rights & Distribution of Rump proceeds
04 Juni 2024 - 11:40AM
RNS Regulatory News
RNS Number : 0465R
Geiger Counter Ltd
04 June 2024
4 June 2024
GEIGER COUNTER LIMITED
(THE "COMPANY")
Exercise
of outstanding Subscription Share Rights & Distribution of Rump
proceeds
Further to the announcement on 9 May
2024 with regards to the exercise of the outstanding Subscription
Rights (the "Rump") and the placing of the ordinary shares of no
par value ("Ordinary Shares") that arose from the exercise of the
Rump, the Company announces that proceeds of this placing, net of
costs (the "Net Proceeds"), will be returned to those shareholders
who did not exercise their rights ("Non-Subscribing Shareholders")
by the Subscription Trustee as per the terms of the Subscription
Rights.
In calculating the Net Proceeds to
be returned to Non-Subscribing Shareholders, Subscription Rights
entitlements were scaled back to approximately 70.96 per cent of
the entitlement and multiplied by a rump payment rate of
13.0784844459919 pence per entitlement.
Only Net Proceeds payments of £5 or more shall be made to
Non-Subscribing Shareholders, with payments expected to take place
on or around 5 June 2024.
For further information, please
contact:
|
Manulife | CQS Investment Management
|
Craig Cleland
|
T: +44 (0) 20 7201 5368
|
|
Cavendish Capital Markets Limited
|
Tunga Chigovanyika / Will
Talkington (Corporate Finance)
|
T: +44 (0) 20 7397 1915
|
|
|
Daniel Balabanoff / Pauline Tribe
(Sales)
|
T: +44 (0) 20 7220 0500
|
|
R&H Fund Services (Jersey) Limited
|
Jane De Barros
|
T :+44 (0) 1534 825 259
|
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END
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