14th Aug 2023 16:33
Velocity Composites PLC - Burnley, England-based supplier of composite material kits to aerospace and other high-performance manufacturers - Reports 497,583 shares will be issued at 40 pence each to existing retail investors following closure of the retail offer, raising around GBP199,000. In total, says GBP1.4 million was raised via a placing, subscription and retail offer with 3.5 million shares issued. Further, company has raised GBP5 million through the issue of 12.5 million enterprise investment scheme/venture capital trust placing shares at 40p. The EIS/VCT placing is subject to shareholder approval at the general meeting on August 29. Read More
