|
Eden Research PLC - Oxfordshire, England-based company focused on sustainable biopesticides and plastic-free formulation technology - Will issue 6.1 million new shares at a price of 6.5 pence each after closing its retail offer. As a result, alongside 13.9 million firm placing shares, 3.0 million firm subscription shares, a total of 23.0 million new shares will be issued in relation to the placing, subscription and retail offer, raising total gross proceeds of £1.5 million. Admission is expected on Thursday morning. On Friday last week, Eden Research announced two equity raises and one proposed retail offer, totalling up to £9.0 million, alongside a potential further £2.0 million, to fund materials to build up stocks for its new seed treatment. It said it also conditionally raised a minimum of £7.9 million via a placing of 121.5 million new shares at the same price, with the potential to raise a further £1.5 million via a second admission. Current stock price: 6.72p, up 7.5% 12-month change: up 82% Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
