REG - Geiger Counter Ltd Geiger Counter - GCS - Result of subscription rights exercise

Geiger CounterAnnouncement

02/05/2025 07:05

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RNS Number : 2222H  Geiger Counter Ltd  02 May 2025

 

2 May 2025

GEIGER COUNTER LIMITED
(THE "COMPANY")

 

Result of subscription rights exercise for Ordinary Shares

The Board of the Company announces that applications have been received from
shareholders to subscribe for 101,658 new ordinary shares of no par value
("Ordinary Shares") at a price of 74.58 pence per share (the "Subscription
Price").

The Board have determined however, that due to the Ordinary Share price (being
materially lower than the Subscription Price both currently and during the run
up to the close of the Subscription Rights exercise, it would not be in the
best interests of the Company to issue new shares at this level. As a
reference the Ordinary Shares have traded between 28 pence and 36 pence since
the beginning of April 2025.

Accordingly, the Company announces that no new Ordinary Shares will be issued
as a result of the subscription rights exercise for 2025 and that applicants
will be refunded by the Registrar as soon as possible.

For further information, please contact:

Enquiries

 Manulife | CQS                          Craig Cleland                              T: +44 (0) 20 7201 5368

 Cavendish Capital Markets Limited       Tunga Chigovanyika (Corporate Finance)     T: +44 (0) 20 7397 1915

                                         Daniel Balabanoff / Pauline Tribe (Sales)  T: +44 (0) 20 7220 0517

 R&H Fund Services (Jersey) Limited      Jane De Barros                             T :+44 (0) 1534 825 259

 

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