my problem is allotting the whole of the 6,...shares exclusively and precisely to the Cornell facility. The RNS says "pursuant to the agreement..."
I certainly don't question the arithmetic, just the interpretation.
Rights Issues are a quite a bit more costly than open offers.
I'd be very concerned if they placed at -say- 15p with sp at 30p and not make open offer 1:1 for existing holders.
We'll see - we shouldn't have the need to speculate about these things: maybe we won't for more than a few more days.