30th Dec 2013 11:56
LONDON (Alliance News) - LED International Holdings Limited Monday said it has completed a conditional placing of shares raising roughly GBP3.1 million.
The company which supplies and installs LED display screens, said that Rubyfield Holdings Ltd and Speed Dragon Holdings Ltd agreed to convert a working capital loan of roughly GBP607,000 it entered into on December 16, to equity as part of this placing process.
The company said that for the remaining funds, subject to certain conditions, investors will be able to subscribe for roughly 3.9 million shares at a price of roughly 79.96 pence per share.
LED International Holdings shares were up 54.55% to 0.340 pence, making them the top AIM mover in early trading Monday.
By Tom McIvor; [email protected]; @TomMcIvor1
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