LONDON (Alliance News) – Omega Diagnostics Group PLC said Monday it has received applications for 3.9 million shares under an open offer which was made in conjunction with a share placing and subscription.
At the end of June, Omega launched the fundraising to raise GBP3.6 million in gross proceeds via the issue of up to 20.0 million shares at 18 pence each. Of that, 13.1 million shares are via the placing, 1.2 million via the subscription and up to 5.7 million shares via the open offer.
On Monday, Omega said it received applications for 3.9 million shares under the open offer, or 67% of the total open offer shares.
Omega said the fundraising remains conditional on approval at its annual general meeting on Tuesday, with shares to be admitted on Wednesday.
Shares in Omega Diagnostics were down 1.3% at 19.00 pence Monday.
By Adam Clark; email@example.com
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