Windar Photonics PLC Equity subscription (5931W)
12 Diciembre 2019 - 01:01AM
UK Regulatory
TIDMWPHO
RNS Number : 5931W
Windar Photonics PLC
12 December 2019
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
12 December 2019
Windar Photonics plc
("Windar" or the "Company")
GBP1.4 million Equity Subscription
Windar Photonics plc (AIM:WPHO), the technology group that has
developed a cost efficient and innovative LiDAR wind sensor for use
on electricity generating wind turbines, is pleased to announce
that it has raised GBP1,407,370 (before expenses) by way of a
subscription for 5,117,711 ordinary shares of 1 pence each in the
Company ("Subscription Shares") (the "Subscription") at 27.5 pence
per share (the "Issue Price").
The net proceeds of the Subscription will be used to strengthen
the Company's balance sheet.
The Issue Price represents the mid-market closing price of 27.5
pence on 11 December 2019. The Subscription is not being
underwritten and is conditional only on admission of the
Subscription Shares to trading on AIM. The Subscription Shares
represent approximately 10.3 per cent. of the Company's issued
share capital as enlarged by the Subscription Shares.
Application will be made to the London Stock Exchange for the
Subscription Shares to be admitted to trading on AIM and it is
expected that such Admission will occur at 8.00 a.m. on Monday 23
December 2019. The Subscription Shares will be issued and credited
as fully paid and will rank pari passu in all respects with the
existing ordinary shares of 1 pence each of the Company ("Ordinary
Shares").
Following Admission, the Company will therefore have 49,626,080
Ordinary Shares in issue, none of which will be held in treasury.
This number may be used by shareholders in Windar as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of Windar under the FCA's Disclosure
Guidance and Transparency Rules.
Jørgen Korsgaard Jensen, Chief Executive Officer of Windar,
commented:
"Following the recently announced guidance to the market, I am
pleased to announce this Subscription and the strong support from
both new and existing shareholders in Windar and not least the
support from our financial advisers West Hill Capital, and I would
like to thank both shareholders and our financial advisers.
Initially the Company initiated a Capital Raise of GBP 1.0 million
but as can be seen the strong support resulted in an
oversubscription of 40%"
Robert Forbes Caie, Managing Partner of West Hill Capital,
commented:
"Windar has a strong and supportive shareholder group as shown
by this oversubscription. We are pleased to support the Company in
its mission to become the world's leading manufacturer of
LiDAR-based optimisation technology for the wind energy industry.
The world needs more efficient renewable energy generation to meet
the target of net zero carbon emissions by 2050 and Windar is
uniquely positioned to enhance the efficiency of energy generation
from wind turbines in general."
For further information:
Windar Photonics plc Jørgen Korsgaard Jensen, CEO +45 24234930
Cantor Fitzgerald Europe David Foreman (Corporate Finance)
Nominated Adviser and Broker Keith Dowsing (Sales) +44 (0)20 7894 7000
West Hill Capital
Financial Adviser Robert Forbes Caie +44 (0)20 3440 7556
About Windar:
Windar Photonics is a technology group that develops
cost-efficient and innovative Light Detection and Ranging ("LiDAR")
optimization systems for use on electricity generating wind
turbines. LiDAR wind sensors in general are designed to remotely
measure wind speed and direction.
http://investor.windarphotonics.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ROITBBBTMBABTRL
(END) Dow Jones Newswires
December 12, 2019 02:01 ET (07:01 GMT)
Windar Photonics (LSE:WPHO)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Windar Photonics (LSE:WPHO)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024