FireAngel Safety Technology Fundraise Secures GBP6 Million

(Alliance News) - FireAngel Safety Technology Group PLC on Wednesday said it raised GBP6.1 ...

Alliance News 9 April, 2020 | 6:54AM
Email Form

(Alliance News) - FireAngel Safety Technology Group PLC on Wednesday said it raised GBP6.1 million through a placing and open offer.

The fire safety products firm received acceptances for 15.1 million shares at 12 pence each in the open offer, raising roughly GBP1.8 million.

And for the placing, 35.6 million shares were issued, at 12p too, raising GBP4.3 million.

Shares in the company closed untraded at 12p each in London on Wednesday.

The AIM-listed company proposed the open offer and placing in March in order to strengthen its balance sheet and to deploy and support its connected homes technology.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
FireAngel Safety Technology Group PLC 16.00 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Member User Agreement        Cookies