By Devika Patel
Knoxville, Tenn., Nov. 28 - Axeon Holdings plc said it will raise £12 million in a private placement of shares.
The company will sell 13,333,333 ordinary shares at 90p apiece.
Proceeds will be used for working capital and to strengthen the company's balance sheet.
Based in Dundee, England, Axeon provides green energy and advanced control solutions to the complex problems of efficiency and emissions facing the automotive and industrial markets.
| Issuer: | Axeon Holdings plc
|
| Issue: | Ordinary shares
|
| Amount: | £12 million
|
| Shares: | 13,333,333
|
| Price: | 90p
|
| Warrants: | No
|
| Pricing date: | Nov. 28
|
| Stock symbol: | London: AXE
|
| Stock price: | 97p at close Nov. 27
|
© 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.
