By Sheri Kasprzak
Atlanta, Feb. 10 - Redbus Interhouse plc said it plans to raise £3.5 million in a private placement.
The company will sell 23,293,152 shares at 15p each.
The deal is equal to 10% of the company's existing common shares, priced at a 6% discount to the closing mid-market price of 16p per share on Feb. 9.
The offering is being placed through placement agent Teather & Greenwood Holdings plc.
The private placement has been conditionally sold to UK2 Group Ltd. and with Bo Bendtsen, a non-executive director of UK2.
Based in London, Redbus provides server, data and internet hosting services for corporations. It plans to use the proceeds from the private placement to maintain a strong net cash position to implement its strategy.
| Issuer: | Redbus Interhouse plc
|
| Issue: | Stock
|
| Amount: | £3.5 million
|
| Shares: | 23,293,152
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| Price: | 15p
|
| Warrants: | No
|
| Placement agent: | Teather & Greenwood Holdings plc
|
| Investors: | UK2 Group Ltd., Bo Bendtsen
|
| Pricing date: | Feb. 10
|
| Stock price: | 16p at close Feb. 9
|
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