By Devika Patel
Knoxville, Tenn., July 1 - NextGen Group plc said it raised £1.52 million in a private placement of shares with investor Family Trust Select - FIS - Teilfonds Zeus.
The company sold 1.52 billion ordinary shares at 0.1p each.
Investors also will receive three-year warrants for 1.52 billion shares, which are each exercisable at 0.1p.
Proceeds will provide general working capital.
The life sciences research and development services provider is based in Cambridgeshire, England.
| Issuer: | NextGen Group plc
|
| Issue: | Ordinary shares
|
| Amount: | £1.52 million
|
| Shares: | 1.52 billion
|
| Price: | 0.1p
|
| Warrants: | For 1.52 billion shares
|
| Warrant expiration: | Three years
|
| Warrant strike price: | 0.1p
|
| Investor: | Family Trust Select - FIS - Teilfonds Zeus
|
| Settlement date: | July 1
|
| Stock symbol: | London: NGG
|
| Stock price: | 0.061p at close July 1
|
| Market capitalization: | £4.83 million
|
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