Elektron PLC
21 November 2001
Elektron PLC
21 November 2001
Elektron PLC ('Elektron' or the 'Company')
Placing of new ordinary shares to raise £610,000
The Board is pleased to announce that Teather & Greenwood Limited has placed
6,777,777 new ordinary shares of five pence each with investors to raise
approximately £610,000 gross.
The shares were placed at £0.09 per share and the placing represents 13.02 per
cent of the enlarged issued share capital of the Company.
The proceeds of the placing will be used to augment the Company's working
capital.
The new ordinary shares will rank pari passu with the existing ordinary shares
of the Company. Application has been made for the new ordinary shares to be
admitted to trading on AIM and dealings are expected to commence on 22
November 2001.
For further information contact:
Brian Emerson, Chief Executive
Elektron PLC 01245 211 930
Richard Thompson, Director
Teather & Greenwood Limited 020 7426 9073
END