Published on 11/10/2009 in the Prospect News PIPE Daily.
New Issue: Kewill announces £7.49 million private placement of ordinary stock
By Devika Patel
Knoxville, Tenn., Nov. 10 - Kewill plc said it will raise £7.49 million in a private placement of shares.
The company will sell 8,141,506 ordinary shares at 92p each. Investec is the broker.
Proceeds will help fund future acquisition opportunities.
Based in Guildford, England, Kewill develops computer software and associated services.
| Issuer: | Kewill plc
|
| Issue: | Ordinary shares
|
| Amount: | £7,490,186
|
| Shares: | 8,141,506
|
| Price: | 92p
|
| Warrants: | No
|
| Broker: | Investec
|
| Pricing date: | Nov. 10
|
| Stock symbol: | London: KWL
|
| Stock price: | 99p at close Nov. 10
|
| Market capitalization: | £75.2 million
|
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