Published on 9/28/2007 in the Prospect News PIPE Daily.
New Issue: Acta raises £5.75 million from private placements of stock
By Devika Patel
Knoxville, Tenn., Sept. 28 - Acta SpA announced it has secured £5.75 million in two private placements of shares.
The company will sell a total of 4,000,000 new ordinary shares at 115p apiece to Sumitomo Corp. in two equal tranches of £2.3 million each. The first tranche of 2,000,000 shares has already closed, and the second tranche will be completed within six months.
Acta also said it has sold 1,000,000 shares at the same price to institutional investors, for a total of £1.15 million.
Based in Pisa, Italy, Acta researches and develops platinum-free catalysts for the fuel cell industry and for renewable energy applications.
| Issuer: | Acta SpA
|
| Issue: | New ordinary shares
|
| Amount: | £5.75 million
|
| Price: | 115p
|
| Stock symbol: | London: ACTA
|
| Stock price: | 88.50p at close Sept. 27
|
|
|
| First placement - first tranche
|
| Shares: | 2,000,000
|
| Warrants: | No
|
| Investor: | Sumitomo Corp.
|
| Settlement date: | Sept. 28
|
|
|
| First placement - second tranche
|
| Shares: | 2,000,000
|
| Warrants: | No
|
| Investor: | Sumitomo Corp.
|
| Announcement date: | Sept. 28
|
|
|
| Second placement
|
| Shares: | 1,000,000
|
| Warrants: | No
|
| Settlement date: | Sept. 28
|
© 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.
