Windar Photonics PLC Extended Settlement of Subscription (3078Z)
August 30 2018 - 9:28AM
UK Regulatory
TIDMWPHO
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 GBP2.2 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 David Foreman +44 (0)20 7894 7000
Richard Salmond
West Hill Capital
Financial Adviser Robert Forbes Caie +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
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END
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