By Devika Patel
Knoxville, Tenn., Nov. 30 - Legion Group plc said it will raise £1 million in a private placement of shares via agent Seymour Pierce Ltd.
The company will sell 53,191,489 ordinary shares at 1.88p each.
Proceeds will be used for working capital.
Hertfordshire, England-based Legion Group provides security solutions encompassing the supply of security personnel, car parking facilities management and the supply, installation and maintenance of electronic security systems.
| Issuer: | Legion Group plc
|
| Issue: | Ordinary shares
|
| Amount: | £1 million
|
| Shares: | 53,191,489
|
| Price: | 1.88p
|
| Warrants: | No
|
| Agent: | Seymour Pierce Ltd.
|
| Pricing date: | Nov. 27
|
| Stock symbol: | London: LGNG
|
| Stock price: | 2.14p at close Nov. 27
|
| Market capitalization: | £12.6 million
|
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