By Devika Patel
Knoxville, Tenn., June 18 - Bglobal plc said it raised £6.5 million in a private placement of shares. It also raised £1.5 million in an open offer of stock.
These sales were conducted in connection with the company's planned acquisition of Utiligroup Ltd.
In the placement, the company sold 17,105,263 ordinary shares at 38p apiece.
Bglobal is a Lancashire, England, provider of advanced metering technology and services to deregulated global energy markets.
| Issuer: | Bglobal plc
|
| Issue: | Ordinary shares
|
| Amount: | £6.5 million
|
| Shares: | 17,105,263
|
| Price: | 38p
|
| Warrants: | No
|
| Settlement date: | June 18
|
| Stock symbol: | London: BGBL
|
| Stock price: | 35.25p at close June 18
|
| Market capitalization: | £26.8 million
|
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