Published on 4/27/2009 in the Prospect News PIPE Daily.
New Issue: Norcon to sell £4.8 million of shares in private placement financing via FinnCap
By Devika Patel
Knoxville, Tenn., April 27 - Norcon plc said it will raise £4.8 million in a private placement of shares with broker FinnCap.
Norconsult Telematics Holdings Ltd. will sell 5,796,693 ordinary shares and Gaute Vik, an executive director, will sell 1,586,807 ordinary shares at 65p per share.
Based in Limasol, Cyprus, Norcon is an international project management and outsourcing services business.
| Issuer: | Norcon plc
|
| Issue: | Ordinary shares
|
| Amount: | £4,799,275
|
| Shares: | 7,383,500
|
| Price: | 65p
|
| Warrants: | No
|
| Broker: | FinnCap
|
| Pricing date: | April 27
|
| Stock symbol: | London: NCON
|
| Stock price: | 65p at close April 27
|
| Market capitalization: | £30 million
|
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