20th Jan 2021 21:36
Surface Transforms PLC - automotive brake discs manufacturer - Says bookbuild has closed and it has conditionally raised gross proceeds of GBP18.0 million, through the placing of 35.8 million shares and 250,000 subscription shares at the issue price of 50 pence per share. The placing shares and subscription shares represent 23% of the company's existing shares. In addition to the placing and subscription, the company intends to provide all qualifying shareholders with the opportunity to subscribe for an aggregate of up to 4.0 million open offer shares at the same price, to raise up to GBP2.0 million before expenses.
Current stock price: 67.00p, up 11% on Wednesday
Year-to-date change: up 35%
By Evelina Grecenko; [email protected]
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