Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Placing and Additional Listing

Abstract:
IQE plc (AIM: IQE), the leading global supplier of advanced wafer
products and wafer services to the semiconductor industry, announces
details of a placing and additional listing in connection with the
acquisition of UK based NanoGaN Limited announced today.

Placing and Additional Listing

UK | Posted on October 6th, 2009

Placing
Noble & Company Limited has placed 4 million new ordinary shares of
1p each in the capital of the Company ('Placing Shares') at 14.0p per
share ("Placing Price") to raise £0.56 million (before expenses) to
finance the cash consideration payable on completion of the
acquisition (the 'Placing').

The Placing is conditional, inter alia, on admission (''Admission'')
of the Placing Shares to trading on AIM, a market operated by London
Stock Exchange plc (the ''London Stock Exchange'') ('AIM') (which is
the market on which the Company's existing issued ordinary shares are
admitted to trading) occurring by no later than 7 October 2009. The
Placing Price represents a nil discount to the closing mid-price of
an existing issued ordinary share of 14.00p on 2 October 2009, the
latest practicable date prior to the posting of this announcement.

The Placing Shares will rank pari passu with the existing ordinary
shares of the Company.

Additional Listing

Application has been made to the London Stock Exchange for a further
1,819,134 ordinary shares of 1p each in the capital of the Company
('Consideration Shares') to be admitted to trading on AIM. The
Consideration Shares are being issued in satisfaction of part the
initial consideration for the acquisition of NanoGaN Limited
announced today. The Consideration Shares will rank pari passi with
the existing ordinary shares of the Company.

Application has been made and admission to trading on AIM of the
Placing Shares and the Consideration Shares is expected to occur on 7
October 2009.

Following this issue the total number of ordinary shares in issue
will be 442,512,159. Together the Placing Shares and the
Consideration Shares will represent 1.32 percent of the Company's
enlarged ordinary share capital following admission.

####

Contacts:
IQE plc (+44 29 2083 9400)
Chris Meadows
Phil Rasmussen

Noble & Company Limited (+ 44 20 7763 2200)
John Llewellyn-Lloyd
Sam Reynolds

College Hill (+44 20 7457 2020)
Adrian Duffield
Carl Franklin

Copyright © IQE plc

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Iranian Experts Clean Uranium-Contaminated Water by Nano-Particles November 23rd, 2014

Novel Method Found for Connection of Metallic Alloys to Polymers November 23rd, 2014

New research project supports internationalisation in nano-research: Launch of new “Baltic Sea Network” November 22nd, 2014

3rd Iran-Proposed Nano Standard Approved by International Standard Organization November 22nd, 2014

Chip Technology

Nanometrics Announces Upcoming Investor Events November 19th, 2014

A novel method for identifying the body’s ‘noisiest’ networks November 19th, 2014

Researchers create & control spin waves, lifting prospects for enhanced info processing November 17th, 2014

VDMA Electronics Production Equipment: Growth track for 2014 and 2015 confirmed: Business climate survey shows robust industry sector November 14th, 2014

Announcements

Iranian Experts Clean Uranium-Contaminated Water by Nano-Particles November 23rd, 2014

Novel Method Found for Connection of Metallic Alloys to Polymers November 23rd, 2014

New research project supports internationalisation in nano-research: Launch of new “Baltic Sea Network” November 22nd, 2014

3rd Iran-Proposed Nano Standard Approved by International Standard Organization November 22nd, 2014

Acquisitions/Mergers/Splits

Keysight Technologies Begins Trading as Independent Company November 3rd, 2014

PEN Inc. Chairman, Scott Rickert, Will Webcast a Live Company Update September 25, 1 PM EDT September 17th, 2014

State University of New York Trustees Unanimously Approve SUNY Polytechnic Institute (SUNY Poly) as New Name for Merged SUNY CNSE / SUNYIT September 9th, 2014

PEN Inc. Announces New Trading Symbol: PENC: Stock Continues Trading on the OTCQB September 3rd, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More












ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE