By Devika Patel
Knoxville, Tenn., March 12 - Enfis Group plc announced it will raise £2 million via a private placement shares.
The company will sell 5.6 million ordinary shares at 36p per share.
Proceeds will be used as working capital.
Based in Swansea, United Kingdom, Enfis makes light emitting diode-based arrays and light engines.
| Issuer: | Enfis Group plc
|
| Issue: | Ordinary shares
|
| Amount: | £2 million
|
| Shares: | 5.6 million
|
| Price: | 36p
|
| Warrants: | No
|
| Pricing date: | March 12
|
| Stock symbol: | London: ENF
|
| Stock price: | 50p at close March 12
|
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