Autins Group (AUTG)

 9.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 13.00
  • 52 Week Low: 8.00
  • Currency: UK Pounds
  • Shares Issued: 54.60m
  • Volume: 0
  • Market Cap: £4.91m

Autins Group launches placing to raise at least ?3.5m

By Josh White

Date: Friday 02 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Automotive acoustic and thermal insulation solutions provider Autins Group announced a proposed placing of new ordinary shares to raise gross proceeds of at least £3.5m on Friday morning.
The AIM-traded firm said the proposed placing of a minimum of 17,500,000 new ordinary shares at a price of 20p each, with new and existing shareholders, would raise gross proceeds of a minimum of £3.5m.

It said the books were open with immediate effect following its announcement, and added that the placing was conditional on the passing of certain resolutions at a general meeting of the company.

A circular, which would provide further details of the placing and include a notice convening the general meeting, was set to be sent to shareholders "shortly", with a further announcement to be made to the market.

It said the placing price represented a discount of 29.8% to the closing price of 28.5p on 1 August.

"The net proceeds of the placing will be used to fund automation of certain of the company's processes, to accelerate the company's development in certain market segments, and for general working capital purposes," the Autins group said in its statement.

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

 

Autins Group Market Data

Currency UK Pounds
Share Price 9.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 13.00
52 Week Low 8.00
Volume 0
Shares Issued 54.60m
Market Cap £4.91m

Autins Group Star Ratings

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Autins Group Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Jul-18 18-Jan-18
Paid 03-Aug-18 16-Feb-18
Amount 0.40p 0.80p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Autins Group Key Personnel

CEO Gareth Kaminski-Cook
CFO Kamran Munir

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