By Sheri Kasprzak
New York, Sept. 15 - IDMoS plc said it has received £2,333,775 from a private placement conducted through agent Code Securities Ltd.
The company sold 1,477,073 shares at 158p each. The shares sold represent 10% of the company's outstanding share capital.
The proceeds will be used for working capital and for the development of projects and collaborations in the dental and medical sectors.
Also, Code Securities placed 918,720 shares at 158p each on behalf of an existing shareholder.
Based in London, IDMoS commercializes disease-detection technologies.
| Issuer: | IDMoS plc
|
| Issue: | Stock
|
| Amount: | £2,333,775
|
| Shares: | 1,477,073
|
| Price: | 158p
|
| Warrants: | No
|
| Placement agent: | Code Securities Ltd.
|
| Settlement date: | Sept. 14
|
| Stock price: | 158p at close Sept. 13
|
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