RedStone Connect

press release

RedstoneConnect announce result of Placing, raising gross proceeds of approximately £6.5 million.

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) 596/2014 (MAR). ON PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

This Announcement should be read in its entirety. Regulatory Release (RNS) can be read in full here

9 May 2017

RedstoneConnect plc

(“RedstoneConnect” or the “Company”)

Result of Placing

RedstoneConnect, a leading provider of technology and services for smart buildings and commercial spaces, is pleased to announce that further to the announcement made at 7.00 a.m. on the 9th May 2017 (the "Placing Announcement"), Cantor Fitzgerald and Whitman Howard have successfully placed an aggregate of 433,333,334 Ordinary Shares on behalf of the Company at a price of 1.5 pence per share, with new and existing institutional investors. Pursuant to the Placing, the Company has raised gross proceeds of approximately £6.5 million. The Placing, which was oversubscribed, has received strong support from both new and existing institutional shareholders.

This Announcement should be read in its entirety. Regulatory Release (RNS) can be read in full here

BACK TO TOP