24th Nov 2015 12:30
LONDON (Alliance News) - Filtronic PLC on Tuesday said it will issue 20.0 million shares to investors in an open offer.
The company will issue the shares at 5.0 pence each, raising a gross GBP1.0 million. Shares in Filtronic were down 4.0% to 6.0p on Tuesday.
The company, which designs and manufactures microwave electronics products for the wireless telecoms infrastructure market, said the net proceeds from the issue will be used for general corporate purposes.
By Sam Unsted; [email protected]; @SamUAtAlliance
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