16th Jun 2016 12:11
LONDON (Alliance News) - Intelligent Energy Holdings PLC on Thursday said Meditor European Master Fund Ltd has subscribed for 14.1 million new shares, representing half of the arrangement fee related to its underwriting of the company's recent GBP30 million convertible loan note issue.
In a statement, the energy technology company said it received the subscription funds from Meditor for the new shares on Monday.
In addition, 2.2 million new shares are to be issued in relation to the second tranche of a 2013 management incentive plan.
Shares in Intelligent Energy were down 8.2% at 11.47 pence on Thursday.
By Samuel Agini; [email protected]; @samuelagini
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