By Devika Patel
Knoxville, Tenn., Dec. 21 - Avanti Communications Group plc said it will raise £86 million in a private placement of shares via agent Cenkos Securities plc.
The company will sell 21.5 million ordinary shares at 400p each.
Proceeds will complement debt facilities.
The satellite broadband internet services provider is based in London.
| Issuer: | Avanti Communications Group plc
|
| Issue: | Ordinary shares
|
| Amount: | £86 million
|
| Shares: | 21.5 million
|
| Price: | 400p
|
| Warrants: | No
|
| Agent: | Cenkos Securities plc
|
| Pricing date: | Dec. 21
|
| Stock symbol: | London: AVN
|
| Stock price: | 460p at close Dec. 21
|
| Market capitalization: | £197 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
