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$1.66 pensana plc

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barefoot_ballerina

599 Posts.

25

11/05/20

17:24

Post #: 44556523
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Originally posted by skijapan: ↑

Thenominal valueis the facevalueof the shares. It is also the minimumamountthat must be paid for shares. Theaggregate nominal valueis the number of shares issued multiplied by thenominal valueof each share

Resolution 2 proposes to authorise the Board to allot and issue shares in the Company or grant rights to
subscribe for or to convert any securities into shares in the Company up to an aggregate nominal amount
of £40.155.50 (representing 40,155,500 new equity securities in the Company),such authority to expire at
the next annual general meeting of the Company or fifteen months after the passing of this resolution,
whichever date is the earlier. This amountrepresents approximately 25% ofthe Company'sissued ordinary
share capital as at the date of this Notice of GeneralMeeting.
The Directors have no present intention of exercising this authority, but believe that the flexibility allowed
by this Resolution may assist them in taking advantage of business opportunities as they arise.
Notes to Resolution 3 – Approval to allot and issue shares (or CDIs) under Placement Facility

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So 40,155,500 X .00099999 = 40,155

Goes this mean they can issue 40 million shares at .00099999 quid?

Sorry I feel like I am missing something?

PM8 Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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