By Sheri Kasprzak
New York, May 26 - Leadcom Integrated Solutions Ltd. plans to raise £12,014,100 in a private placement.
The offering includes 19.07 million shares at 63p each offered to existing and new institutional and other investors in both the United Kingdom and the United States.
Altium Capital Ltd. and Corporate Synergy plc are the placement agents for the U.K. portion of the deal. The agents plan to procure U.K. subscribers for 10,648,120 of the shares.
C.E. Unterberg, Towbin, LLC is the placement agent for the U.S. portion of the deal.
Proceeds from the deal will be used to increase the size of contracts, access returns available in the Indian market, increase the company's presence in Western Europe and in the United States and provide financial flexibility for future business opportunities.
Based in Azur, Israel, Leadcom implements telecommunications networks for global telecom vendors.
| Issuer: | Leadcom Integrated Solutions Ltd.
|
| Issue: | Stock
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| Amount: | £12,014,100
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| Shares: | 19.07 million
|
| Price: | 63p
|
| Warrants: | No
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| Placement agents: | Altium Capital Ltd. and Corporate Synergy plc (for U.K.); C.E. Unterberg, Towbin, LLC (for U.S.)
|
| Announcement date: | May 26
|
| Stock symbol: | London: LEAD
|
| Stock price: | 69p at close May 25
|
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