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Share Price Information for Haydale (HAYD)

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Share Price: 0.385
Bid: 0.37
Ask: 0.40
Change: 0.00 (0.00%)
Spread: 0.03 (8.108%)
Open: 0.385
High: 0.385
Low: 0.385
Prev. Close: 0.385
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UPDATE: Haydale Graphene Issues 100 Million Shares In Fundraise (ALLISS)

Fri, 22nd Feb 2019 14:31

LONDON (Alliance News) - Haydale Graphene Industries PLC on Friday afternoon said it has issued a higher than anticipated number ordinary shares in the previously announced capital raise.

The company issued 88.1 million new ordinary shares to raise around GBP3.8 million and 11.9 million subscription shares to raise approximately GBP200,000. It also expects to raise further GBP4 million via a 200 million share open offer at the same price.

Haydale Graphene, which develops additives to create enhanced materials like carbon fibre and silicon carbide, earlier on Friday said it would place 190 million new ordinary shares at 2p per share to raise GBP3.8 million to fund general working capital, restructuring costs, and and equipment investments.

The share issue price represents a discount of around 83% to the closing price of 11.88p on Thursday. Shares in the company were trading 78% lower at 2.60 pence each in Friday afternoon trade.

Following shareholder approval for the fundraising, the company's Chief Operating Officer Keith Broadbent will move to the chief executive role.

The company on Wednesday confirmed speculation regarding the equity placing and said it was in talks with investors regarding a "materially" discounted share issue.

In December, Haydale agreed a new GBP750,000 16-month loan with the Development Bank of Wales and raised GBP250,000 via a share subscription at 20p a share.

The fundraise was announced along with a widened interim pretax loss due to a 20% fall in revenue.

For the six months to 2018-end, the company recorded a pretax loss of GBP3.5 million compared with a GBP2.7 million loss in the year ago period, on revenue of GBP1.6 million from GBP2.0 million.

Administrative costs increased to GBP4.7 million from GBP4.3 million.

"We will continue to implement the management actions already started to re-set the cost base and consolidate the group's position over the next six months with our focus on SiC, functionalised inks and graphene composites. There will be a marginal impact on sales in the current financial year as the changes are bedded in," said Interim Executive Chair David Banks.

"However, we are recruiting specific sales personnel to deliver on our expected growth over the medium term without adding to the cost base, as we move from Research & Development to commercial sales. We are looking to leverage our significant investment made in our US business to create a stable platform for the group to enable us to achieve our plan to profitability," Banks added.

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3 Mar 2020 10:50

Haydale Graphene Secures Contract From English Institute For Sport

Haydale Graphene Secures Contract From English Institute For Sport

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27 Feb 2020 11:22

Haydale Records Narrowed Interim Loss, Closes Taiwan Facility

Haydale Records Narrowed Interim Loss, Closes Taiwan Facility

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30 Jan 2020 12:03

Haydale lowers guidance as US and UK sales stall

(Sharecast News) - Advanced materials group Haydale Graphene Industries lowered full-year guidance on Thursday following slow sales in both the US and the UK to start 2020.

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30 Jan 2020 11:43

Haydale Graphene Shares Fall With Annual Sales Set To Disappoint

Haydale Graphene Shares Fall With Annual Sales Set To Disappoint

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12 Dec 2019 16:11

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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25 Nov 2019 13:05

Haydale Graphene Raises GBP450,000 Through Share Subscription

Haydale Graphene Raises GBP450,000 Through Share Subscription

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25 Nov 2019 12:33

Haydale Graphene raises ?450k through subscription

(Sharecast News) - Advanced materials group Haydale Graphene raised £450,000 on Monday following the issue of 22.5m new ordinary shares.

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22 Nov 2019 14:56

Haydale Graphene ropes in Mark Chapman as new finance chief

(Sharecast News) - Advanced materials company Haydale Graphene announced the appointment of Mark Chapman as its new chief financial officer and a director on Friday, with immediate effect.

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22 Nov 2019 10:23

Haydale Graphene Hires Mark Chapman As New Finance Chief

Haydale Graphene Hires Mark Chapman As New Finance Chief

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28 Oct 2019 14:03

Haydale Graphene Chief Financial Officer Redman-Thomas Resigns

Haydale Graphene Chief Financial Officer Redman-Thomas Resigns

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22 Oct 2019 11:46

Haydale Graphene Launches New Material For Lightning Strike Protection

Haydale Graphene Launches New Material For Lightning Strike Protection

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15 Oct 2019 10:54

Haydale Graphene Loss Deepens Amid Impairments In Challenging Year

Haydale Graphene Loss Deepens Amid Impairments In Challenging Year

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17 Jun 2019 11:44

Haydale Graphene To Work With National Physical Laboratory On Project

(Alliance News) - Haydale Graphene Industries PLC on Monday said it will be collaborating with the National Physical Laboratory on a 12-month Innovate UK project.Innovate UK is funded by UK

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20 Mar 2019 18:23

DIRECTOR DEALINGS: Money-Kyrle Holds 5% Haydale Stake After Deal (ALLISS)

LONDON (Alliance News) - Haydale Graphene Industries PLC on Wednesday said Nicholas Money-Kyrle held a 5.1% stake in the company after a transaction on Wednesday last week.His current is if

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19 Mar 2019 16:52

Anthony Best Nearly Doubles Haydale Graphene Stake To 8.3% (ALLISS)

LONDON (Alliance News) - Haydale Graphene Industries PLC said Tuesday Anthony Best doubled his stake in the firm to 8.3% in a transaction last Wednesday.Best held 26.3 million shares in the

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