By Susanna Moon
Chicago, June 15 - GSH Group plc issued £3.08 million shares of a £6.6 million conditional private placement.
The company placed 700,000 of the conditional 1.5 million offering at 440p each.
KBC Peel Hunt is the placement agent.
The two investors for the remaining 800,000 shares are the Geo. S Hall No 2 Pension Scheme, for 600,000 shares, and the GSH Employee Benefit Trust, for 200,000 shares. The shares placed on behalf of the Geo. Pension Scheme are beneficially held for Ian Scarr-Hall, the former chairman of GSH.
Proceeds will be used for acquisitions.
The company provides bespoke facilities and energy management solutions and is based in Staffordshire, England.
Issuer GSH Group plc
| Issue: | Stock
|
| Amount: | £3.08 million
|
| Shares: | 700,000
|
| Price: | 440p
|
| Warrants: | No
|
| Agent: | KBC Peel Hunt
|
| Investors: | Geo. S Hall No 2 Pension Scheme (for 600,000 shares) and the GSH Employee Benefit Trust (for 200,000 shares)
|
| Announcement date: | June 15
|
| Stock symbol: | AIM: GSH
|
| Stock price: | 467.50p at close June 14
|
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