Quanta Computer also invests £1.2 million in company for a 2.22% stake
By Devika Patel
Knoxville, Tenn., March 2 - Toumaz Ltd. said it completed a private placement of shares, raising £640,175. Toumaz also said that Quanta Computer Inc. has increased its investment in the company, for a 2.22% stake, resulting in proceeds of £1.2 million.
In the placement, the company sold 7.25 million ordinary shares at 8.83p each. The price per share is a 19.65% premium to the March 1 closing share price of 7.38p.
The Grand Cayman, Cayman Islands, company develops medical devices, and products for healthcare, home care and professional sports.
| Issuer: | Toumaz Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | £640,175
|
| Shares: | 7.25 million
|
| Price: | 8.83p
|
| Warrants: | No
|
| Settlement date: | March 2
|
| Stock symbol: | London: TMZ
|
| Stock price: | 7.5p at close March 2
|
| Market capitalization: | £43.59 million
|
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