logo-loader
viewHaydale Graphene Inds PLC

Subscription to raise £450,000

/**/ link{ color: blue }visited{ color: purple } .ab{size:595.3pt 841.9pt;margin:49.65pt 72.0pt 72.0pt 72.0pt;}div.ab{}table.bb{width:454.45pt}tr.av{height:26.45pt}td.ay{width:257.8pt;padding:0cm 0cm 0cm 0cm; height:26.45pt}p.bc{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:106%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: 150%; margin-bottom: 0cm; text-align: justify}td.aw{width:196.65pt;padding:0cm 0cm 0cm 0cm; height:26.45pt}p.bd{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:106%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: 150%; margin-bottom: 0cm; text-align: right}p.be{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:106%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: 150%; margin-bottom: 0cm; text-align: center}p.bf{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:106%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height: 150%; margin-bottom: 0cm; text-align: center} p.bg{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:106%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height: normal; margin-bottom: 0cm; text-align: center}p.bh{margin-top:12.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;line-height:20.0pt;text-autospace:none;font-size:16.0pt;font-family:"Arial","sans-serif";font-weight:bold;line-height: 150%; margin-top: 0cm; text-align: center}span.aq{font-size:11.0pt;line-height:150%;font-family: "Calibri","sans-serif"}p.bi{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:106%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify;line-height:150%}span.ao{color:black}span.am{color: black}p.u,li.u,div.u{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";}span.al{font-size:11.0pt;font-family:"Calibri","sans-serif"; color:black}p.bj{margin-top:12.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;line-height:20.0pt;text-autospace:none;font-size:16.0pt;font-family:"Arial","sans-serif";font-weight:bold;margin-top:0cm;line-height:150%}span.ak{font-size:11.0pt;line-height:150%;font-family:"Calibri","sans-serif"} table.bk{width:446.55pt}td.ai{width:248.1pt;padding:0cm 0cm 0cm 0cm}td.ag{width:7.0cm;padding:0cm 0cm 0cm 0cm}p.bl{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:106%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold}p.bm{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:106%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height: 150%; margin-bottom: 0cm; text-align: right}p.a,li.a,div.a{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:106%;font-size:11.0pt;font-family:"Calibri","sans-serif";}span.bn{font-family:"Times New Roman","serif";color:blue;font-family:"Calibri","sans-serif"; color:windowtext;text-decoration:none}p.bo{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:106%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify;line-height:normal} /**/
RNS Number : 5603U
Haydale Graphene Industries PLC
25 November 2019
 

For immediate release

25 November 2019

 

 

 

Haydale Graphene Industries plc

('Haydale' or the 'Company')

 

Subscription to raise £450,000

 

Haydale (AIM:HAYD), the global advanced materials group, is pleased to announce a subscription for new ordinary shares of £0.02 each to raise £450,000 before expenses (the "Subscription"). The Subscription funds will be used for general working capital purposes. The Company had approximately £2.47 million of cash as at 31 October 2019.

 

Details of the Subscription, Issue of Equity and Total Voting Rights

Pursuant to the Subscription, the Company will issue 22,500,000 new ordinary shares of £0.02 each (the "Subscription Shares") to raise £450,000 (before expenses) at a price of 2.0 pence per new ordinary share, representing a premium of 25 per cent. to the closing mid-market price of the Company's shares on 22 November 2019. The Subscription Shares represent approximately 6.6 per cent. of the Company's enlarged share capital. 

 

Application will be made to the London Stock Exchange for the Subscription Shares to be admitted to trading on AIM on or around 29 November 2019 ("Admission"). The Subscription Shares will rank pari passu with the Company's existing ordinary shares of £0.02 each.

 

Following Admission, and in accordance with the Financial Conduct Authority's Disclosure ("FCA") and Transparency Rules, the Company hereby announces that it will have 340,223,848 ordinary shares in issue, each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury.

 

Following Admission, the above figure of 340,223,848 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest, in the share capital of the Company under the FCA and Transparency Rules.

 

David Banks, Non-executive Chairman of Haydale, commented: "We are pleased to have received such strong support from two of our existing shareholders who truly believe in the progress Haydale is making on its commercialisation journey. The additional funds from the Subscription enable our Executive Team to move forward with additional confidence."

 

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations ("MAR") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

- Ends -

 

For further information:

Haydale Graphene Industries plc

 

Keith Broadbent, CEO

Tel: +44 (0) 1269 842 946

Gemma Smith, Global Head of Marketing

www.haydale.com 

 

 

Arden Partners plc (Nominated Adviser & Broker)

 

Ruari McGirr / Paul Shackleton / Ben Cryer

Tel: +44 (0) 20 7614 5900

 

 

Notes to Editors

Haydale is a global technologies and materials group that facilitates the integration of graphene and other nanomaterials into the next generation of commercial technologies and industrial materials. With expertise in graphene, silicon carbide and other nanomaterials, Haydale is able to deliver improvements in electrical, thermal and mechanical properties, as well as toughness. Haydale has granted patents for its technologies in Europe, USA and China and operates from 6 sites in the UK, USA and the Far East.

 

For more information please visit:www.haydale.com 

Twitter: @haydalegraphene 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
IOEBABTTMBBTBLL

Quick facts: Haydale Graphene Inds PLC

Price: 1.7

Market: LSE
Market Cap: £5.78 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Haydale Graphene's Ray Gibbs at the opening of the Graphene Engineering...

Ray Gibbs, president of business development at Haydale Graphene Industries PLC (LON:HAYD), spoke to Proactive London's Andrew Scott while at the Graphene Engineering Innovation Centre in Manchester for its official opening. Haydale was one of the first companies to sign up with the GEIC...

on 11/12/18