23rd Aug 2022 19:18
Haydale Graphene Industries PLC - Ammanford, Wales-based graphene technology company - Proposes placing to raise GBP5.0 million. Haydale has a market capitalisation of GBP12.8 million. Says 250.0 million shares will be offered in placing and subscription, at 2 pence each, a 20% discount to current share price. Also proposes open offer of 25.5 million shares at same price to raise additional GBP510,000. "The net proceeds of the fundraising, amounting to between GBP5.00 million and GBP5.51 million, depending on the take up of the open offer, will be used to fund general working capital needs of the business," Haydale says. Read More
