By Laura Lutz
Des Moines, March 3 - Eurovestech plc plans to conduct a £5 million private placement of shares, according to a news release.
The company intends to sell 25 million ordinary shares at 20p apiece, a 4.3% premium to the average closing price of the company's shares on the five business days before pricing.
Proceeds will be used to accelerate the company's growth and to take advantage of targeted investment opportunities.
Eurovestech is a London-based capital fund focused on the high-technology sector.
| Issuer: | Eurovestech plc
|
| Issue: | Ordinary shares
|
| Amount: | £5 million
|
| Shares: | 25 million
|
| Price: | 20p
|
| Warrants: | No
|
| Announcement date: | March 3
|
| Stock symbol: | London: EVT
|
| Stock price: | 20.25p at close March 3
|
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