Published on 12/4/2008 in the Prospect News PIPE Daily.
New Issue: Osmetech plans £6.88 million private placement of stock
By Devika Patel
Knoxville, Tenn., Dec. 4 - Osmetech plc said it arranged a £6.88 million private placement of shares.
The company will sell 688,490,518 ordinary shares at 1p per share. Of these shares, 241,686,998 have been placed firm, with the balance of 446,803,520 shares being placed subject to shareholder approval.
Canaccord Adams assisted in the placing.
Crewe, England-based Osmetech makes health care diagnostics and medical devices.
| Issuer: | Osmetech plc
|
| Issue: | Ordinary shares
|
| Amount: | £6,884,905.18
|
| Shares: | 688,490,518
|
| Price: | 1p
|
| Warrants: | No
|
| Agent: | Canaccord Adams
|
| Pricing date: | Dec. 4
|
| Stock symbol: | London: OMH
|
| Stock price: | 1.8p at close Dec. 4
|
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