Orion taking 88000000. They will be taking over Polo at this rate!
WTI, RNS....... Placing @ a premium
Weatherly International Plc ("Weatherly" or "the Company" or "The Group") Placing and Posting of Notice of General Meeting Weatherly announces that, further to its announcement of 8 May 2015, it has today posted a circular (the "Circular") to shareholders including a notice of general meeting ("General Meeting") relating to Weatherly's proposed placing of 111,666,721 new Ordinary Shares at a price of 2 pence per share to raise approximately £2.23 million (before expenses). The General Meeting of the Company is to be held at the offices of Cooley (UK) LLP, Dashwood, 69 Old Broad Street, London EC2M 1QS on 9 June 2015 at 2.00 p.m. Further details in respect of the Placing and the Circular are set out below. The Circular will shortly also be available on the Company's website at www.weatherlyplc.com. All capitalised terms in this announcement have the same meanings as those given to them in the Circular, unless the context otherwise requires.
The market has reacted negatively
This is great news and will purchase more awaiting the market to mark this up. All IMHO. Own due diligence. No advice intended.
Website:Polo Resources Limited Ord Npv (Di) Website Description: Polaron is a highly innovative technology group of companies ---- Leaders in the design and manufacture of architectural, show and environmental lighting control systems, audio visual, cctv, fire alarms and voice evacuation systems, access control and security systems, transistor dimming, igbt, LED control, fluorescent dimming, variable speed drives, SCADA systems, high current rectifiers, soft starts, power electronics, Developers of 3DAP, Three Dimensional Atom Probe for nanoscale materials analysis
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