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Low and Bonar PLC Announces Completion Of Acquisition And Result Of Placing

Friday, 6 Sep 2013 10:00am EDT 

Low and Bonar PLC announced that the completion of the acquisition of Texiplast and the completion of the placing announced earlier. A total of 29,626,000 new ordinary shares of 5 pence each (the "Placing Shares"), representing approximately 9.99% of the issued share capital of the Company, have been placed by Numis Securities Limited at a price of 69 pence per Placing Share, raising gross proceeds of approximately GBP20.4 million for the Company. The Placing Shares will, when issued, rank pari passu in all respects with the existing ordinary shares, including all rights to all dividends and other distributions declared, made or paid following Admission, other than in respect of the interim dividend which will be paid on September 26, 2013 to shareholders on the register on August 30, 2013. 

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26 Jan 2015