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RNS Number : 4861Y

Geiger Counter Ltd

04 May 2023

4 May 2023

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 70,655 new ordinary shares of no par value ("Ordinary Shares") at a price of 51.52p per share.

The Board have determined however, that due to the current Ordinary Share price of approximately 39.0p per share, it would not be in the best interests of the Company to issue new shares at this level.

Accordingly, the Company announces that no new Ordinary Shares will be issued as a result of the subscription rights exercise for 2023 and that applicants will be refunded by the Registrar as soon as possible.

A separate announcement regarding the subscription rights price for 2024 will be made in due course.

For further information, please contact:

 
 
 CQS (UK) LLP 
  Craig Cleland                                           +44 (0) 20 7201 5368 
 finnCap Limited 
  William Marle / Milesh Hindocha -- Corporate Finance    +44 (0) 20 7220 0500 
 Mark Whitfeld / Pauline Tribe -- Sales                   +44 (0) 20 7220 0500 
 
 R&H Fund Services (Jersey) Limited 
  Jane De Barros-Sousa                                    +44 (0) 1534 825 259

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END

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(END) Dow Jones Newswires

May 04, 2023 12:15 ET (16:15 GMT)

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