By Sheri Kasprzak
New York, Feb. 1 - Thus Group plc said it has concluded a private placement for £9,608,868.
The company sold 67,430,657 shares at 14.25p each to institutional investors.
The offering represents 5% of the Thus's outstanding share capital.
Citigroup Global Markets U.K. Equity Ltd. was the placement agent.
Based in Glasgow, Scotland, Thus provides data and voice communications services to residential and corporate customers.
| Issuer: | Thus Group plc
|
| Issue: | Stock
|
| Amount: | £9,608,868
|
| Shares: | 67,430,657
|
| Price: | 14.25p
|
| Warrants: | No
|
| Placement agent: | Citigroup Global Markets U.K. Equity Ltd.
|
| Settlement date: | Feb. 1
|
| Stock symbol: | London: THUS
|
| Stock price: | 15p at close Jan. 31
|
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