By Sheri Kasprzak
New York, March 3 - Artisan (UK) plc said it has concluded a £1.1 million private placement of stock.
The company issued 40 million shares at 2.75p each to Aspen Finance Ltd.
The investor now holds 69,666,667 of Artisan's shares, or 21.21% of the company.
Proceeds from the offering will be used for land acquisition.
Based in Huntingdon, England, Artisan builds houses and commercial business parks.
| Issuer: | Artisan (UK) plc
|
| Issue: | Stock
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| Amount: | £1.1 million
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| Shares: | 40 million
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| Price: | 2.75p
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| Warrants: | No
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| Investor: | Aspen Finance Ltd.
|
| Settlement date: | March 3
|
| Stock symbol: | London: ART
|
| Stock price: | 3.15p at close March 2
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