Amiad Water Systems Raises GBP18 Million In Open Offer, Subscription

(Alliance News) - Amiad Water Systems Ltd on Wednesday said it raised GBP17.6 million through an ...

Alliance News 29 April, 2020 | 4:31PM
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(Alliance News) - Amiad Water Systems Ltd on Wednesday said it raised GBP17.6 million through an open offer.

Shares in the water treatment & filtration systems firm were untraded on Wednesday afternoon in London, last quoted at 240.00 pence each, giving it a market capitalisation of GBP55.4 million.

Amiad said it received valid acceptances from shareholders in respect of 3.6 million open offer shares as well as applications for a further 3.4 million shares under its excess application facility.

Israeli private equity firm & significant shareholder FIMI Opportunity Funds subscribed for 6.8 million shares, taking his stake in the company to around 40%.

Following admission of the new shares, Amiad's issued share capital will comprise 30.4 million shares.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Amiad Water Systems Ltd 240.00 GBX -1.23 -

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