18th Mar 2015 08:47
LONDON (Alliance News) - The 600 Group PLC on Wednesday said it has raised a further GBP955,000 via the issue of a second tranche of loan notes.
The machine tools and laser marking company issued the first tranche of notes in February in order to raise a total of GBP6.7 million, half of which will be used to pay for the acquisition of US-based laser marking company TYKMA Inc.
The terms of the second tranche are in line with the first, with subscribers to the notes entitled to receive warrants to subscribe for 4.775 million shares in 600 Group at 20 pence per share.
Shares in 600 Group were up 6.9% to 19.25 pence on Wednesday, one of the best performers in the London Main Market.
By Sam Unsted; [email protected]; @SamUAtAlliance
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