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Bould Opportunities PLC

Bould Opportunities launches open offer to help evaluate reverse takeover options

The cash shell, formerly known as Photonstar LED, said it would issue around 5.3mln new shares at a price of 0.0125p each

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Bould added that it was also in the process of disposing of its operating subsidiary, PhotonStar Technology Ltd

Bould Opportunities PLC (LON:BOU) has launched an open offer to raise £660,000 to help it evaluate potential opportunities for a reverse takeover.

The cash shell, formerly known as Photonstar LED, said it would issue around 5.3mln new shares at a price of 0.0125p each.

READ: Bould Opportunities considering funding possibilities so it can deliver on its recently approved new strategy

Bould added that it was also in the process of disposing of its operating subsidiary, PhotonStar Technology Ltd.

The company said it would hold a general meeting on 21 May for shareholders to vote on the placing and the disposal.

In early trading on Wednesday, the shares were down 33.6% at 0.04p.

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Market: LSE
Market Cap: £3.29 m
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