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Amte Power plans to raise GBP250,000 through retail offer

Wed, 27th Sep 2023 15:02

(Alliance News) - Amte Power PLC shares were down on Wednesday, after it said it plans to raise GBP250,000 through a retail offer.

The London-based lithium-ion and sodium-ion battery cells developer and manufacturer said the shares were issued at a price of 1.7 pence each.

The issue price represents a discount of 24% to the closing share price of 2.24 pence per share on Tuesday.

Its shares were down 19% to 1.81 pence each in London on Wednesday afternoon.

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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AMTE Power starts trading in London after raising almost GBP14 million

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