Ray Gibbs, CEO, commented: “I am delighted with this successful fundraising which was significantly oversubscribed and in which our existing shareholders have once again demonstrated substantial support of our strategy to commercialise graphene and other nano materials. That we have new institutional shareholders backing us also gives me and the rest of the board confidence that we are on the right path to success. The cash boost will allow us to now accelerate the execution of our growth plans and I look forward to reporting further positive steps in the coming months.”
Haydale Graphene Industries plc (AIM: HAYD), the Group focused on enabling technology for the commercialisation of graphene and other nanomaterials, announced on 2 November 2015 details of a fundraising and additional subscription to raise gross proceeds of approximately £6.0 million. The Fundraising was conditional on, inter alia, shareholder approval.
At the General Meeting held earlier today, all resolutions were duly passed.
Accordingly, conditional on Admission (as defined below), the Company has issued and allotted 3,750,000 new ordinary shares of 2 pence each (“Ordinary Shares”) (together the “New Ordinary Shares”) in relation to the Fundraising and the Subscription.
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM, which is expected to occur at 8.00 a.m. tomorrow, 24 November 2015 (“Admission”). The New Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares of the Company.
Total voting rights
On Admission, the Company will have 15,196,446 Ordinary Shares in issue and no shares are held in treasury. Therefore the Company’s total number of Ordinary Shares with voting rights will be 15,196,446.
The above figure of 15,196,446 may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
