Haydale Graphene Industries PLC Issue of Shares (6727Y)

TIDMHAYD

RNS Number : 6727Y

Haydale Graphene Industries PLC

07 March 2017

 
For immediate release  7 March 2017 
 

Haydale Graphene Industries plc

('Haydale', 'Group' or the 'Company')

Issue of Shares

Haydale (AIM:HAYD), the global nanomaterials group, announces that the second tranche of the GBP3.26 million strategic investment from its agreement with Everpower International Holdings Co. Ltd ('Everpower') announced on 3 February 2017, equivalent to approximately GBP160,000, has been received by Haydale.

Accordingly, application has been made for 95,864 ordinary shares of 0.2 pence each in the Company ("Ordinary Shares") ("Tranche 2 Shares") to be admitted to trading on AIM, with admission expected to occur on or around 10 March 2017 ('Admission'). Following Admission, Everpower's interest in Haydale will be 191,728 Ordinary Shares, representing approximately 1.1 per cent. of the Company.

The Tranche 2 Shares will be credited as fully paid and will rank pari passu with the Company's existing Ordinary Shares. Following Admission, the total number of voting rights in the Company will be 17,640,931 Ordinary Shares and shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

- Ends -

For further information:

 
Haydale Graphene Industries 
 plc 
Ray Gibbs, Chief Executive   Tel: [phone] 
 Officer 
Matt Wood, Finance Director            www.haydale.com 
Trevor Phillips, Head 
 of Communications 
 
Cairn Financial Advisers 
 LLP (Nominated Adviser) 
Tony Rawlinson / Emma        Tel: [phone] 
 Earl 
 
Cantor Fitzgerald Europe 
 (Broker) 
David Foreman / Will Goode   Tel: [phone] 
 (Corporate Finance) 
David Banks / Mark Westcott 
 (Sales) 
 

Media enquiries:

 
Buchanan 
Henry Harrison-Topham /  Tel: [phone] 
 Jamie Hooper 
[e-mail]        www.buchanan.uk.com 
 

Notes to Editors

Haydale is a global technologies and materials group that facilitates the integration of nanomaterials into the next generation of commercial technologies and industrial materials. With expertise in graphene, silicon carbide and other nanomaterials, Haydale is able to deliver improvements in electrical, thermal and mechanical properties, as well as toughness. Haydale has granted patents for its technologies in Europe, USA and China and operates from four facilities in the UK, USA and the Far East.

For more information please visit:

www.haydale.com

Twitter: @haydalegraphene

This information is provided by RNS

The company news service from the London Stock Exchange

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March 07, 2017 02:00 ET (07:00 GMT)