By Marisa Wong
Milwaukee, Dec. 2 - RAM Investment Group plc said that it completed a £1 million placement of ordinary shares.
RAM priced 12,556,957 ordinary shares at 8.5p per share.
In addition, there is an allotment of 47,058 shares to the company's executive directors priced at 8.5p per share.
Funds from the shares sale will be used for investment in TrainFX and for working capital.
The U.K. investment company is based in Watford, Hertfordshire.
| Issuer: | RAM Investment Group plc
|
| Issue: | Ordinary shares
|
| Amount: | £1,067,341.38
|
| Shares: | 12,556,957
|
| Price: | 8.5p
|
| Warrants: | No
|
| Settlement date: | Dec. 2
|
| Stock symbol: | London: RAM
|
| Stock price: | 9.7p at close Nov. 27
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
