By Devika Patel
Knoxville, Tenn., July 3 - Mid-States plc said it raised £1.12 million in a private placement of shares.
The company sold 6.97 million ordinary shares at 16p per share.
Panmure Gordon was the broker.
Proceeds will be used for working capital.
London-based Mid-States is an environmental technology company.
| Issuer: | Mid-States plc
|
| Issue: | Ordinary shares
|
| Amount: | £1,115,200
|
| Shares: | 6.97 million
|
| Price: | 16p
|
| Warrants: | No
|
| Broker: | Panmure Gordon
|
| Settlement date: | July 3
|
| Stock symbol: | London: MST
|
| Stock price: | 17p at close July 2
|
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