By Devika Patel
Knoxville, Tenn., Nov. 16 - LiDCO Group plc said it will conduct a £2.01 million private placement of shares.
The company will sell 23,647,074 ordinary shares at 8.5p apiece. Chief executive officer Terry O'Brien will buy 705,884 shares.
Proceeds will be used for marketing, research and development.
Based in London, LiDCO develops medical devices used for cardiovascular monitoring.
| Issuer: | LiDCO Group plc
|
| Issue: | Ordinary shares
|
| Amount: | £2.01 million
|
| Shares: | 23,647,074
|
| Price: | 8.5p
|
| Investor: | Terry O'Brien (for 705,884 shares)
|
| Pricing date: | Nov. 16
|
| Stock symbol: | London: LID
|
| Stock price: | 8p at close Nov. 15
|
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