Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

Leti to Demo Wristband with Embedded Sensors to Diagnose Sleep Apnea: APNEAband, Which Will Be Demonstrated at CES 2018, Also Monitors Mountain Sickness, Dehydration, Dialysis Treatment Response and Epileptic Seizures December 12th, 2017

Leti Develops World’s First Micro-Coolers for CERN Particle Detectors: Leti Design, Fabrication and Packaging Expertise Extends to Very Large Scientific Instruments December 11th, 2017

Untangling DNA: Researchers filter the entropy out of nanopore measurements December 8th, 2017

Device makes power conversion more efficient: New design could dramatically cut energy waste in electric vehicles, data centers, and the power grid December 8th, 2017

Chip Technology

UCLA chemists synthesize narrow ribbons of graphene using only light and heat: Tiny structures could be next-generation solution for smaller electronic devices December 8th, 2017

Device makes power conversion more efficient: New design could dramatically cut energy waste in electric vehicles, data centers, and the power grid December 8th, 2017

Leti Integrates Hybrid III-V Silicon Lasers on 200mm Wafers with Standard CMOS Process December 6th, 2017

Leti Breakthroughs Point Way to Significant Improvements in SoC Memories December 6th, 2017

Announcements

Leti to Demo Wristband with Embedded Sensors to Diagnose Sleep Apnea: APNEAband, Which Will Be Demonstrated at CES 2018, Also Monitors Mountain Sickness, Dehydration, Dialysis Treatment Response and Epileptic Seizures December 12th, 2017

Leti Develops World’s First Micro-Coolers for CERN Particle Detectors: Leti Design, Fabrication and Packaging Expertise Extends to Very Large Scientific Instruments December 11th, 2017

Untangling DNA: Researchers filter the entropy out of nanopore measurements December 8th, 2017

Device makes power conversion more efficient: New design could dramatically cut energy waste in electric vehicles, data centers, and the power grid December 8th, 2017

Acquisitions/Mergers/Splits

Bruker Announces Acquisition of Nanoindenting Leader Hysitron: Acquisition strengthens Bruker’s leading position in nanoanalysis and nanomechanical materials characterization January 24th, 2017

GLOBALFOUNDRIES Completes Acquisition of IBM Microelectronics Business: Transaction adds differentiating technologies, world-class technologists, and intellectual property July 1st, 2015

Entest BioMedical, Inc. in Discussions to Acquire Nanotechnology Delivery System for Cancer Therapy June 3rd, 2015

Evident Thermoelectrics Acquires GMZ Energy: Investment Accelerates Launch Of Evident's Thermoelectric Modules For Waste Heat May 20th, 2015

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