What discount will I receive in the event of a placing?

You will only be asked to invest in a placing if the placing price represents at least the discount that you have expressed when you made your application.

Example 1:

If you make a downpayment of £1,000 at a 15% discount and the placing is announced with a 10% discount, you would miss out on the placing

In this case you would receive no new shares and be refunded your downpayment amount.

Example 2:

If you make a downpayment of £1,000 at a 5% discount and the placing is announced with a 10% discount, you would be included in the placing.

You would receive new shares at a 5% discount to the pre-announcement market price.


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