By Sheri Kasprzak
New York, May 26 - Hardide plc concluded a private placement for £1,548,354.
The company sold 12,386,832 shares at 12.5p each.
Also, 601,650 shares of Hardide held by the company's technical director Yuri Zhuk and 8,598,350 shares of Hardide held by Flintstone Management Services Ltd. were placed with institutional investors.
Daniel Stewart & Co. plc was the placement agent.
The proceeds from the placement will be used for expansion.
London-based Hardide provides surface engineering technologies, including chemical coatings, used in building materials.
| Issuer: | Hardide plc
|
| Issue: | Stock
|
| Amount: | £1,548,354
|
| Shares: | 12,386,832
|
| Price: | 12.5p
|
| Warrants: | No
|
| Placement agent: | Daniel Stewart & Co. plc
|
| Settlement date: | May 26
|
| Stock symbol: | London: HDD
|
| Stock price: | 13.25p at close May 25
|
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