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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Corero Network Security Plc | LSE:CNS | London | Ordinary Share | GB00B54X0432 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.25 | 2.08% | 12.25 | 12.00 | 12.50 | 12.50 | 12.25 | 12.25 | 833,958 | 14:52:42 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computers & Software-whsl | 20.12M | 554k | 0.0011 | 111.36 | 62.33M |
TIDMCNS
RNS Number : 2487M
Corero Network Security PLC
26 April 2018
26 April 2018
Corero Network Security plc
("Corero" or the "Company")
New Debt Facility
and
Result of General Meeting
On 5 April 2018, Corero (AIM: CNS), the network security company, announced a conditional Placing and Subscription to raise GBP4.0 million (before expenses) and that it was in final stage discussions with a bank regarding a new debt facility ('the Facility') to provide additional finance of up to GBP3.0 million ($4.2 million).
The Company today confirms that it has entered into the Facility, on the terms set out in the announcement on 5 April 2018, subject to completion of the Placing and Subscription and certain customary pre-draw down conditions. The Company is also pleased to announce that at its General Meeting held earlier today, the resolutions as set out in the Circular dated 5 April 2018 were duly passed without amendment. The Directors therefore expect the Placing and Subscription to become unconditional on 27 April 2018, following admission of the Placing Shares and Subscription Shares to AIM.
Defined terms used in this announcement not otherwise defined shall have the same meanings as those terms defined and used in the Circular dated 5 April 2018.
Enquiries:
Corero Network Security Tel: 01895 876 382 plc Andrew Miller, CFO Cenkos Securities plc Tel: 020 7397 8900 Mark Connelly / Bobbie Hilliam - NOMAD Michael Johnson - Sales Vigo Communications Tel: 020 7830 9703 Jeremy Garcia / Ben Simons corero@vigocomms.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROIBGGDSSXDBGIL
(END) Dow Jones Newswires
April 26, 2018 06:35 ET (10:35 GMT)
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