Company sells 16.7 million shares at 89p, reflecting a 2.2% discount
By Susanna Moon
Chicago, Jan. 28 - Nanoco Group plc said it completed a private placement of shares for £15 million.
The company sold 16.7 million shares at 89p.
The per-share price reflects a 2.2% discount to the closing share price on Jan. 27.
The company said it will apply for trading on the London Stock Exchange. The shares are expected to begin trading on Feb. 3.
Bank of America Merrill Lynch is the lead manager and bookrunner.
Nanoco is based in Manchester, England, and develops and manufactures quantum dots, solar inks and other nanomaterials in commercial quantities for major end-use markets.
| Issuer: | Nanoco Group plc
|
| Issue: | Stock
|
| Amount: | £15 million
|
| Shares: | 16.7 million
|
| Price: | 89p
|
| Warrants: | No
|
| Agent: | Bank of America Merrill Lynch
|
| Pricing date: | Jan. 28
|
| Stock symbol: | London: NANO
|
| Stock price: | 91p at close Jan. 27
|
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