6th Dec 2018 09:44
LONDON (Alliance News) - Trakm8 Holdings PLC on Thursday said it plans to raise GBP3.0 million to fund working capital requirements via a subscription of shares.
The company plans to issue 13.9 million shares at 22.00 pence each, a 22% premium to its closing price on Wednesday. Shares in the vehicle tracking services provider were trading up 10% at 19.84 pence each on Thursday morning.
Trakm8 said some of its directors have decided to subscribe for GBP700,000 worth of shares.
Admission of the new shares to trading on AIM market is expected to occur on December 27.
Related Shares:
Trakm8 Hldgs