17th Sep 2014 10:51
LONDON (Alliance News) - Zotefoams PLC Wednesday said a group of executives acquired shares at a price of 220 pence per share in connection to a share placing.
Details are as follows.
Name | Number of shares held prior to Placing | Number of shares acquired in Placing | Number of shares held following Admission | Percentage of total issued share capital |
Nigel Howard | 63,000 | 6,300 | 69,300 | 0.2 |
David Stirling | 320,233 | 15,000 | 335,233 | 0.8 |
Clifford Hurst | 273,922 | 18,636 | 292,558 | 0.7 |
Richard Clowes | 40,000 | 4,000 | 44,000 | 0.1 |
Marie-Louise Clayton | 18,000 | 11,800 | 29,800 | 0.1 |
Total | 715,155 | 55,736 | 770,891 | 1.8 |
Zotefoams Friday said it planned to raise approximately GBP8.8 million in a share placing to fund investment as it increases capacity in the US to support future growth opportunities.
The cellular material technology company, which manufactures and sells cross-linked block foams, said it will placed 3.98 million new shares on the market for 220 pence each.
Shares were quoted at 241.8 pence up 2.5% Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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