LONDON (Alliance News) - Modern Water PLC said Thursday it launched an open offer aiming to raise proceeds of GBP900,000.
The company will offer up to 10.0 million shares at 9.0 pence each, a 4.3% discount on the closing price on Tuesday. Modern Water shares were trading down 2.8% at 8.65p on Thursday.
Qualifying Shareholders will have an entitlement of 1 open offer share for every 10 shares held and could also apply for additional shares.
Moder Water develops technology to monitor the quality of water and wastewater.
