16th Feb 2024 12:03
HeiQ PLC - London-based materials innovation and hygiene technology company - Raises GBP685,000 through placing of 7.9 million shares at 8.7 pence each, via an accelerated bookbuild.
HeiQ announced plans yesterday to raise GBP2.4 million via the placing, a retail offer and a convertible loan note offer. It hopes to use the proceeds, plus existing cash resources, to fund the GBP5 million acquisition of a new manufacturing plant in Portugal. Says it will announce the result of the retail offer on February 23.
Current stock price: 9.13 pence, down 2.1% on Friday
12-month change: down 73%
By Emma Curzon, Alliance News reporter
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