22nd Oct 2015 08:03
LONDON (Alliance News) - Safestyle UK PLC Thursday said it will raise GBP2.4 million through the issue of 2.4 million shares at GBP1 each, following the exercise of warrants by Zeus Capital Ltd.
The windows and doors manufacturer said the exercise price is the same as its IPO price in 2013. Zeus Capital is the company's nominated adviser and joint broker.
Following the transaction, Chief Executive Steve Birmingham's interest in the company decreases to 4.9% from 5.0% on an unchanged holding of 3.9 million shares.
Shares in Safestyle were trading down 6.0% at 222.76 pence Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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