Touchstar Raises Just Under GBP1 Million In Share Placing And Offer (ALLISS)

LONDON (Alliance News) - Touchstar PLC said that following the passing of all resolutions at ...

Alliance News 13 February, 2018 | 1:28PM
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LONDON (Alliance News) - Touchstar PLC said that following the passing of all resolutions at its general meeting on Tuesday, it has raised GBP921,292 through a placing and open offer of 1.5 million shares at a price of 60.0 pence each.

Shares in the mobile computing devices manufacturer were down 0.9% at 57.00 pence on Tuesday.

639,138 shares were issued through the placing, raising GBP383,494, and 896,329 shares through the offer to qualifying shareholders, raising GBP537,797.

WH Ireland acted as nominated adviser and broker in connection with the share issue.

Proceeds will go towards providing resources to support the company's investment programme, in particular the sales and marketing activities of the group.

Touchstar now has 8.5 million shares issued overall.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Touchstar PLC 42.40 GBX -3.64 -
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