By Marisa Wong
Madison, Wis., July 6 - eXpansys plc announced that it will raise £30 million through the placement of ordinary shares.
The company will sell 535,714,286 shares at 5.6p per share.
The shares are expected to be admitted to trading on the London Stock Exchange on July 26.
Cenkos Securities plc is the agent.
Proceeds will be used toward the acquisitions of Data Select Network Solutions Ltd. and PJ Media Ltd.
eXpansys is a Manchester, England-based online consumer electronics superstore.
| Issuer: | eXpansys plc
|
| Issue: | Ordinary shares
|
| Amount: | £30 million
|
| Shares: | 535,714,286
|
| Price: | 5.6p
|
| Warrants: | No
|
| Agent: | Cenkos Securities plc
|
| Announcement date: | July 6
|
| Stock symbol: | London: XPS
|
| Stock price: | 9.38p at close July 6
|
| Market capitalization: | £24.05 million
|
© 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.
