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Windar Photonics PLC RNS Release

Extended Settlement of Subscription


RNS Number : 3078Z
Windar Photonics PLC
30 August 2018
 

30 August 2018

 

                  Windar Photonics plc

("Windar" or the "Company")

 

 

Extended Settlement of Subscription

 

Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, provides an update on the settlement of the final tranche of its £2.2 million equity fundraise announced to the market on 12 July 2018.

 

Further to the Company's announcement on 19 July 2018, due to an administrative issue by the subscriber, the final tranche of 606,060 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") are now expected to be issued on or around 14 September 2018 with admission to trading on AIM ("Admission") expected to occur at 8.00 a.m. on or around 14 September 2018.

 

Following Admission, the Company will have 44,508,369 Ordinary Shares in issue, none of which will be held in treasury.  The above figure of 44,508,369 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 Windar under the FCA's Disclosure Guidance and Transparency Rules.

 

 

For further information:

 

Windar Photonics plc

Jørgen Korsgaard Jensen, CEO

+45 24234930
 

Cantor Fitzgerald Europe        

Nominated Adviser and Broker

 

 

West Hill Capital

Financial Adviser

David Foreman

Richard Salmond

 

 

Robert Forbes Caie

+44 (0)20 7894 7000

 


 

+44 (0)20 3440 7556

 

 

 

About Windar:

Windar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging ("LiDAR") optimization systems for use on electricity generating wind turbines. LiDAR wind sensors in general are designed to remotely measure wind speed and direction.

 

http://investor.windarphotonics.com 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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