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Plexus raises £6.83 million for its pioneering POS-GRIP wellhead technology


Published Dec 4, 2013
Plexus Holdings PLC

Plexus Holdings PLC has conducted a placing to raise, in aggregate, approximately £6.83 million before expenses by way of a placing of 2,787,624 ordinary shares of 1 penny each at a price of 245p per share (the ‘Placing Price’).

This comprises 1,020,408 new ordinary shares of 1 penny each which are being issued by the Company and 1,067,216 new ordinary shares of 1 penny each which are being sold following the exercise of share options by certain optionholders of the Company as described further below (together ‘New Ordinary Shares’).

In addition, conditional on admission of the New Ordinary Shares to trading on AIM (“Admission”), an existing shareholder of the Company as detailed below has sold 700,000 ordinary shares (‘Existing Ordinary Shares’) of 1 penny each to meet demand from new and existing institutional investors (the placing of New Ordinary Shares and Existing Ordinary Shares being collectively referred to as ‘the Placing’). The Company’s Nomad and Broker, Cenkos Securities plc conducted the Placing.

Tags: Plexus Holdings PLC




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