By Laura Lutz
Des Moines, March 23 - Clyde Process Solutions plc plans to conduct a private placement of shares for £23 million.
The company plans to sell 21,904,762 ordinary shares to institutional and other investors at 105p per share.
Prior to the placement, the company has 513.5 million shares outstanding.
Aden Partners will be the agent.
Proceeds will be used to partially repay a bridging facility agreement.
Based in Doncaster, England, Clyde Process focuses on pneumatic conveying systems.
| Issuer: | Clyde Process Solutions plc
|
| Issue: | Shares
|
| Amount: | £23 million
|
| Shares: | 21,904,762
|
| Price: | 105p
|
| Warrants: | No
|
| Agent: | Arden Partners
|
| Stock symbol: | London: CPSP
|
| Stock price: | 210p
|
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