(Alliance News) - Amiad Water Systems Ltd on Wednesday said it plans to raise GBP2.0 million in an open offer of new shares.
The water treatment and filtration systems firm plans to issue 856,556 shares at 230 pence each.
Shares in the company closed 6.3% higher at 218.00p each on Wednesday in London.
Back in February, Amiad said it secured GBP17.6 million through a share subscription by Israeli private equity firm and significant shareholder FIMI Opportunity Funds.
Under that agreement, FIMI subscribed for up to 7.7 million Amiad subscription shares at GBP2.30 per share.
By Eric Cunha; ericcunha@alliancenews.com
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