Company sells 19,663,171 shares at 7.5p each to fund working capital
By Devika Patel
Knoxville, Tenn., Sept. 6 - 600 Group plc said it settled a £1.48 million private placement of shares. Chief executive officer Nigel Rogers invested £20,250.
The company sold 19,663,171 ordinary shares at 7.5p each. The price per share is a 9.09% discount to the Sept. 5 closing share price of 8.25p.
Proceeds will be used as working capital.
Based in Heckmondwike, England, the 600 Group is a machine tool company.
| Issuer: | 600 Group plc
|
| Issue: | Ordinary shares
|
| Amount: | £1,474,738
|
| Shares: | 19,663,171
|
| Price: | 7.5p
|
| Warrants: | No
|
| Investor: | Nigel Rogers (for £20,250)
|
| Settlement date: | Sept. 6
|
| Stock symbol: | London: SIXH
|
| Stock price: | 8.25p at close Sept. 5
|
| Market capitalization: | £5.27 million
|
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