Business
Admission to AIM and First Day of Dealings
Admission to AIM and First Day of Dealings.
About this update from Calnex Solutions Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0231B\n Calnex Solutions PLC\n 05 October 2020\n \n \n \n \n NOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \n \n 5 October 2020\n \n Calnex Solutions plc\n (\"Calnex\", the \"Company\" or the \"Group\")\n \n \n Admission to AIM and First Day of Dealings \n \n \n £22.5 million raised in oversubscribed placing\n \n Calnex Solutions plc (AIM: CLX), an established provider of test and measurement solutions for the global telecommunications sector, is pleased to announce the admission today of its new and existing ordinary shares of 0.125 pence each (\"Ordinary Shares\") to trading on the AIM market of the London Stock Exchange (\"Admission\"). Dealings in the Ordinary Shares will commence today at 8.00 a.m. under the ticker \"CLX\" and the ISIN \"GB00BMBK7016\". Cenkos Securities plc (\"Cenkos\") is acting as Nominated Advisor and Broker to the Company.\n \n The Company has successfully raised £22.5 million (before expenses) by way of a significantly oversubscribed placing of 46,875,000 new and existing Ordinary Shares (the \"Placing\"), at a price of 48.0 pence per share (the \"Placing Price\"). Calnex's market capitalisation at the Placing Price on admission will be £42 million.\n \n Placing Statistics:\n \n \n \n \n \n Placing Price per ordinary share\n \n \n 48 pence\n \n \n \n \n Gross proceeds of the Placing\n \n \n £22.5 million\n \n \n \n \n Free float\n \n \n 43%\n \n \n \n \n Gross proceeds of the Placing receivable by the Company\n \n \n £6.0 million\n \n \n \n \n \n Gross proceeds of the Placing receivable by the selling shareholders\n \n \n \n £16.5 million\n \n \n \n \n \n Number of Ordinary Shares in issue immediately following Admission\n \n \n \n 87,500,000\n \n \n \n \n \n Market capitalisation of the Company at the Placing Price\n \n \n \n £42.0 million\n \n \n \n \n \n Tommy Cook, Chief Executive Officer and founder of Calnex, said:\n \n \"Joining AIM today is a significant landmark for Calnex. The successful fundraise and move onto the p...