8th Feb 2021 15:12
Surface Transforms PLC - automotive brake discs manufacturer - Raises gross proceeds of GBP2.0 million under open offer, which was "significantly over-subscribed". Says received applications for 19.1 million open offer shares, against the 4.0 million available.
"We want to thank shareholders for their continuing support through this this huge over subscription. Following the also over-subscribed Placing, this concludes the funding round and provides the company with the financial resources to commence the next phase of our ambitious growth plans. We are looking forward to the rest of 2021, and beyond, with considerable confidence," says Chair David Bundred.
Current stock price: 73.00 pence
Year-to-date change: up 47%
By Lucy Heming;Â [email protected]
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