StockMarketWire.com - Haydale Graphene has raised gross proceeds of £0.5m pursuant to the Open Offer announced on 23 September 2016, that was heavily over-subscribed.
HIGHLIGHTS:
- About £2.6m raised pursuant to the Fundraising (comprising approximately £2.0 million from the Placing, £0.5 million from the Open Offer and approximately £55,000 from the Subscription)
- Applications were received for 957,256 Open Offer Shares, representing a take-up of approximately 306 per cent. Applications under the excess entitlements will therefore be scaled down resulting in a total of 312,500 Open Offer Shares, equivalent to gross proceeds of £0.5 million from the Open Offer, being issued.
Story provided by StockMarketWire.com
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