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Provider: Edison Investment Research

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Quixant Plc Announces First Day Of Dealings On AIM

Tuesday, 21 May 2013 02:00am EDT 

Quixant Plc announced the admission of its ordinary shares to trading on the AIM market of the London Stock Exchange and the commencement of dealings in its ordinary shares under the ticker QXT.L. As part of the admission process, the Company raised gross proceeds of GBP3.88 million through an over-subscribed placing of 8,434,782 new Ordinary Shares, at a placing price of 46 pence per Ordinary Share (the Placing Price). In addition, 1,452,174 Ordinary Shares were placed on behalf of existing shareholders (Vendors) at the Placing Price, raising £0.67 million for the Vendors. The Ordinary Shares have been placed with a number of institutional investors and High Net Worth Individuals. Smith & Williamson is Nominated Adviser and Broker to the Company. he purpose of the IPO is to provide working capital headroom as the Company wins further contracts with larger customers, raise the Company's profile in the industry and incentivise current and future employees. 

Company Quote

-1.0 -0.75%
19 Dec 2014