By Laura Lutz
Des Moines, Oct. 12 - OCZ Technology Group announced a £1.03 million private placement of shares.
The company sold 1.29 million shares at 80p each to institutional and other investors through John East & Partners Ltd.
Proceeds will be used as working capital to support company growth.
Sunnyvale, Calif.-based OCZ develops and produces computer components.
| Issuer: | OCZ Technology Group
|
| Issue: | Shares
|
| Amount: | £1.03 million
|
| Shares: | 1.29 million
|
| Price: | 80p
|
| Warrants: | No
|
| Agent: | John East & Partners Ltd.
|
| Announcement date: | Oct. 12
|
| Stock symbol: | London: OCZ
|
| Stock price: | 79.5p at close Oct. 12
|
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