By Sheri Kasprzak
New York, Jan. 20 - Aero Inventory plc said it priced a £7,420,234 private placement of shares.
The offering includes 1,713,680 shares at 433p each, a 3% discount to the company's closing stock price of 446.50p on Jan. 19.
JP Morgan Securities Inc. is the underwriter for the offering.
The company also intends to conduct a 3-for-2 rights issue at 300p each for total proceeds of £84.9 million.
Proceeds will be used for business opportunities with airline customers.
Based in London, Aero Inventory provides electronic inventory services for the aerospace industry.
| Issuer: | Aero Inventory plc
|
| Issue: | Stock
|
| Amount: | £7,420,234
|
| Shares: | 1,713,680
|
| Price: | 433p
|
| Warrants: | No
|
| Underwriter: | JP Morgan Securities Inc.
|
| Pricing date: | Jan. 20
|
| Stock symbol: | London: AI
|
| Stock price: | 446.50p at close Jan. 19
|
|
|
© 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.
