7th Dec 2020 13:54
Auctus Growth PLC - acquisition vehicle - To be renamed HeiQ PLC, effective immediately, following the acquisition of HeiQ Materials AG, a textiles technology firm. Auctus bought HeiQ for GBP119.6 million in shares. It also raised GBP20 million in a share placing and subscription. The reverse takeover, first proposed back in September, was approved by shareholders at a general meeting held on Friday.
Current stock price: 123.50 pence for GBP155.5 million market capitalisation
By Tom Waite; [email protected]
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