Safestyle has announced that it has issued 2.4m shares following the exercise of a c. 3% warrant in the company, increasing the share capital of the company to 80.2m shares. The exercise price of 100p per share is the same as the December 2013 IPO price, resulting in net cash proceeds to the business of c. £2.4m. The impact on EPS, assuming a weighted average number of shares in issue, is minimal at 0.8% in FY15 and 3.0% in FY16, the first full year to include the dilution from the incr
22 Oct 2015
Exercise of warrant
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Exercise of warrant
- Published:
22 Oct 2015 -
Author:
Andy Hanson -
Pages:
2
Safestyle has announced that it has issued 2.4m shares following the exercise of a c. 3% warrant in the company, increasing the share capital of the company to 80.2m shares. The exercise price of 100p per share is the same as the December 2013 IPO price, resulting in net cash proceeds to the business of c. £2.4m. The impact on EPS, assuming a weighted average number of shares in issue, is minimal at 0.8% in FY15 and 3.0% in FY16, the first full year to include the dilution from the incr