Overview
Zeus is pleased to announce that it has acted as Nominated Adviser and Sole Bookrunner in the significantly oversubscribed £5.1m placing, subscription and retail offer for Windar Photonics plc (WPHO).
Company information
Windar is a wind energy technology company specialising in LiDAR‑based wind measurement and turbine performance optimisation.
David Lis
Chairman, Windar Photonics plc“I’m pleased that Windar is now in a position to re-join the market, having identified the issues facing the business and set out a clear plan to address them. This significantly oversubscribed £5.1 million fundraise is the culmination of comprehensive advice and continual engagement with key shareholders by Zeus. We are delighted with the result which now provides the business with the capital to progress our record number of live customer trials, and execute our three-stage plan to strengthen and then scale the business.”
David Foreman
Managing Director, Zeus“We’re delighted to have supported Windar following unforeseen complications the business found itself. The oversubscription is a strong vote of confidence in the plan that Andreas and the Board have set out, and we look forward to supporting Windar through its next phase of growth.”
Contact
If you would like further information, please get in touch with our team.
This web page constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and has been approved by Zeus Capital Limited, which is authorised and regulated by the Financial Conduct Authority.