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 |
|
Cavendish Capital Markets Limited | Tunga Chigovanyika / Will Talkington (Corporate Finance) | T: +44 (0) 20 7397 1915 |
| |
Daniel Balabanoff / Pauline Tribe (Sales) | T: +44 (0) 20 7220 0500 |
|
R&H Fund Services (Jersey) Limited | Jane De Barros | T :+44 (0) 1534 825 259 |
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