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Haydale Graphene raises £450,000 in share subscription from two existing shareholders

The graphene technology specialist raised the funds by issuing 22.5mln new shares at a price of 2p each, a 25% premium to its close price last Friday

Haydale Graphene Industries PLC - Haydale Graphene raises £450,000 in share subscription from
Haydale said it will use the funds to boost its working capital reserves

Haydale Graphene Industries PLC (LON:HAYD) has raised £450,000 in a share subscription from two existing shareholders to boost its working capital reserves.

The graphene technology specialist raised the funds by issuing 22.5mln new shares at a price of 2p each, a 25% premium to its close price last Friday.

READ: Haydale Graphene appoints new chief financial officer

“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”, said Haydale chairman David Banks.

“The additional funds from the subscription enable our Executive Team to move forward with additional confidence", he added.

In mid-afternoon trading on Monday, Haydale’s shares were 12.5% higher at 1.8p.

Quick facts: Haydale Graphene Inds PLC

Price: 4.15 GBX

LSE:HAYD
Market: LSE
Market Cap: £14.12 m
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