By Devika Patel
Knoxville, Tenn., March 12 - Tristel plc said it has raised £1 million in a private placement of shares.
The company sold 2.44 million ordinary shares at 41p per share.
Proceeds will be used to assist with the company's continuing product development program and for working capital.
Cambridgeshire, England-based Tristel designs, manufactures and sells infection control and water treatment products.
| Issuer: | Tristel plc
|
| Issue: | Ordinary shares
|
| Amount: | £1,000,400
|
| Shares: | 2.44 million
|
| Price: | 41p
|
| Warrants: | No
|
| Settlement date: | March 12
|
| Stock symbol: | London: TSTL
|
| Stock price: | 40.8p at close March 11
|
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