Windar Photonics (WPHO)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

43.42p
   
  • Change Today:
    -0.58p
  • 52 Week High: 50.50
  • 52 Week Low: 23.50
  • Currency: UK Pounds
  • Shares Issued: 81.29m
  • Volume: 0
  • Market Cap: £35.30m
  • RiskGrade: 745

Windar Photonics raises £2.2m ahead of increased capital requirements

By Josh White

Date: Thursday 12 Jul 2018

LONDON (ShareCast) - (Sharecast News) - Generating turbine LiDAR wind sensor technology company Windar Photonics has raised £2.23m before expenses, it announced on Thursday, by way of a subscription for 2.7 million ordinary shares at 82.5p.
The AIM-traded firm said the net proceeds of the subscription would be used to strengthen its balance sheet, especially given anticipated increasing working capital requirements following the recently-announced new global distribution agreement and its subsequent increased revenues.

It said the issue price represented the mid-market closing price of 82.5p on 11 July.

The subscription was not being underwritten, and was conditional only on admission of the subscription shares to trading on AIM.

Windar said the subscription shares represented around 6.1% of its issued share capital, as enlarged by the subscription shares.

"Following the recently-announced new distribution agreement servicing the retrofit markets and our general positive growth outlook for the coming periods, I am pleased to announce this subscription which provides Windar with a strong balance sheet and net cash position to finance our expected working capital requirements," said Windar chief executive officer Jørgen Korsgaard Jensen.

"I am very pleased by the continued interest for investing in Windar Photonics, and I would like to thank both new and existing shareholders participating in this subscription."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WPHO Market Data

Currency UK Pounds
Share Price 43.42p
Change Today -0.58p
% Change -1.32 %
52 Week High 50.50
52 Week Low 23.50
Volume 0
Shares Issued 81.29m
Market Cap £35.30m
RiskGrade 745

WPHO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.22% below the market average78.22% below the market average78.22% below the market average78.22% below the market average78.22% below the market average
82.35% below the sector average82.35% below the sector average82.35% below the sector average82.35% below the sector average82.35% below the sector average
Price Trend
62.18% above the market average62.18% above the market average62.18% above the market average62.18% above the market average62.18% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Income Not Available
Growth
55.78% above the market average55.78% above the market average55.78% above the market average55.78% above the market average55.78% above the market average
58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average

WPHO Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

WPHO Key Personnel

CEO Jørgen Korsgaard Jensen (Danish)
Chair David George

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