20th Feb 2019 09:07
LONDON (Alliance News) - Haydale Graphene Industries PLC on Wednesday confirmed "speculation" that it is seeking an "imminent" equity placing.
The graphene and nanomaterial manufacturer said it is in discussions with institutional investors about an equity placing but warned that any placing will be "carried out at a material discount" to the firm's closing price on Tuesday. Haydale closed Tuesday at 23.00 pence.
Shares in Haydale Graphene Industries were down 54% in Wednesday morning trade at 10.65p each.
The company said discussions remain ongoing and it will make a further announcement in due course.
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