Geiger Counter Ltd Geiger Counter - GCS - Sub Share Rights & Distribution of Rump proceeds

Geiger Counter

04/06/2024 10:40

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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
                                          Tunga Chigovanyika / Will Talkington (Corporate Finance)   T: +44 (0) 20 7397 1915

 Cavendish Capital Markets Limited
                                                                                                     T: +44 (0) 20 7220 0500

                                          Daniel Balabanoff / Pauline Tribe (Sales)
                                          Jane De Barros                                             T :+44 (0) 1534 825 259

 R&H Fund Services (Jersey) Limited

 

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