Zeus Capital acts as Nomad and Joint Bookrunner to Flowtech Fluidpower plc (Ticker: FLO.L) on its £10m institutional fundraising and placing
30th March 2017
Zeus Capital acted as Nomad and Joint Bookrunner to Flowtech Fluidpower plc on its placing of new ordinary shares (via an Accelerated Book Build) to raise £10m (before expenses), as announced on 10 March, 2017.
8,333,333 new shares were placed with both new and existing institutional investors at a price of 120 pence per share; the Directors intend to use the proceeds to fund future acquisitions.
The new shares were admitted to trading on 30 March 2017.