4th Jan 2016 07:00
This press release does not constitute an offer to sell, or a solicitation of an offer to buy securities or any recommendation in connection therewith.
4 January 2016
Trendit Limited
("Trendit" or "the Company")
Admission to trading on the London Stock Exchange
Trendit, the provider of cutting-edge technology for real-time monitoring of population movement, trend analytics, and crowd behaviour, is pleased to announce that its entire ordinary share capital will today be admitted to the standard segment of the Official List of the UK Listing Authority. Shares will begin trading on the main market of the London Stock Exchange at 8.00am under the TDIM code "TRIT".
The Company has completed a placing of existing and new ordinary shares at 5.53 pence per share, and is raising a total of £4 million before expenses.
Placing details:
Trading will commence at 08:00 am on 4 January 2016 (TIDM code: TRIT).
Placing price | 5.53p |
Number of existing ordinary shares | 117,970,248* |
Number of new ordinary shares placed | 66,730,812 |
Enlarged share capital on admission | 192,012,773** |
Gross proceeds payable to the Company | £4 million |
Placing/subscription shares as a percentage of the enlarged share capital | 34.75% |
Market capitalisation at the placing price and subscription in full | £12 million |
*plus convertible loans, options, warrants etc.
**admitted to trading
Benny Saban, CEO of Trendit, commented:
"The Company is delighted to have achieved this major milestone and attract new shareholders in the process. We truly believe that Trendit's technology offering is like no other and our public company status will play a major role in unlocking future commercial opportunities to build a global business."
-Ends-
For more information:
Trendit Benny Saban, CEO
|
+972 54 484 4875 |
Peterhouse Corporate Finance (Broker) Charles Goodfellow
|
+44 20 7220 9791 |
Yellow Jersey (Financial PR) Charles Goodwin Alistair Kare-Silver
|
+44 7747 788 221 +44 7738 076 304 |
Related Shares:
TRIT.L