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GRA Grafenia Plc

10.75
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Grafenia Plc LSE:GRA London Ordinary Share GB0009638130 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.75 10.00 11.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Grafenia Raises GBP23.4 Million via Discounted Placing, Subscription, Open Offer

15/09/2023 6:44pm

Dow Jones News


Grafenia (LSE:GRA)
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By Anthony O. Goriainoff

 

Grafenia said it raised around 23.4 million pounds ($29 million) via a discounted conditional placing, a subscription and a conditional open offer, and that this was below the original target of around GBP27.9 million.

The U.K. printing company said Friday it received valid acceptances from qualifying shareholders in respect of 5 million open offer shares.

On Aug. 29, the company said it would issue shares at 8.5 pence a share, representing a 17% discount to the closing price on Aug. 25 of 10.25 pence a share. It also said it would issue up to 57.2 million open offer shares at the issue price.

The company said it would use the funds for future acquisitions to repurchase some existing bond arrangements and pay deferred consideration on previous acquisitions.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

September 15, 2023 13:29 ET (17:29 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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