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Polemos Raises GBP710,000 Through 71.1 Million Shares Issue (ALLISS)

Fri, 11th May 2018 18:23

LONDON (Alliance News) - Polemos PLC said Friday it raised GBP711,420 through the issue of 71.1 million shares through an open offer.

The investment firm received valid acceptance with respect to 43.3 million shares from qualifying shareholders, raising GBP432,888 at the open offer price of 1.00 pence per share.

A further 27.9 million shares - raising GBP278,533 - were issued to shareholders as part of their excess applications under the offer.

The shares are expected to be admitted to trading on May 21. Shares in Polemos closed 2.6% higher at 0.018 pence on Friday.

In mid April, Polemos proposed to consolidate its shares so that for every 100 shares currently in issue investors will have one new share. The new shares will be issued after the consolidation is completed.

More News
8 Feb 2019 07:57

Polemos agrees to reverse takeover of Digitalbox

(Sharecast News) - Cash shell Polemos has conditionally agreed to acquire digital media businesses Digitalbox Publishing and Mashed Productions in a reverse takeover valued at £11.2m.

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21 Jan 2019 08:11

Digitalbox to join AIM via reverse takeover of Polemos

(Sharecast News) - Digital media business Digitalbox Publishing Holdings was seeking admission of its ordinary shares to trading on AIM by way of a reverse takeover of Polemo, it said on Monday.

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10 Sep 2018 09:41

Polemos agrees to terms on Digitalbox acquisition

(Sharecast News) - Polemos has agreed to acquire Digitalbox Publishing as part of a reverse takeover following its classification as a cash shell back in March.

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27 Apr 2018 13:01

Gledhow Investments Doubles Stake In Polemos To 7.0% (ALLISS)

LONDON (Alliance News) - Polemos PLC said Friday Gledhow Investments PLC doubled its stake in the investment firm to 7.0% after a transaction on Thursday.After the transaction, Gledhow held

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18 Apr 2018 18:08

Polemos Plans Open Offer And Share Consolidation To Raise GBP786,091 (ALLISS)

LONDON (Alliance News) - Polemos PLC said on Wednesday it intends to conduct an open offer and share consolidation, subject to shareholder approval to raise GBP786,091.Shares in the firm at

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27 Mar 2018 18:06

Stocktrade Buys Initial 8.6% Interest In Investor Polemos (ALLISS)

LONDON (Alliance News) - Investment firm Polemos PLC said Tuesday Stocktrade has taken an 8.6% stake in the company, having previously held no shares.Stocktrade bought

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9 Mar 2018 10:42

Polemos Resumes Trading And Clarifies On Share Issue Conditions (ALLISS)

LONDON (Alliance News) - Polemos shares were restored to trading on AIM on Friday, albeit at a sharp drop as it said that it requires an agreement from PrimaryBid before on at

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9 Mar 2018 10:40

WINNERS & LOSERS SUMMARY: RM2 Jumps As It Sees Positive 2019 Earnings

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Anglo American, up the

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8 Mar 2018 17:16

Polemos To Raise GBP410,000 Via Placing And To Return Trading On AIM (ALLISS)

LONDON (Alliance News) - Polemos PLC said on Thursday that it has terminated the binding agreement announced on September 8 and will not be proceeding with the reverse of were

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15 Feb 2017 12:32

Polemos' shares fall after it raises £495,000 and appoints two directors

(ShareCast News) - Polemos' shares are down more than 21% after its raised £495,000 at a price of 0.035p a share, and also appointed Nick Lee and Dan Maling as non-executive directors. It said proceeds would be used to assist in seeking investment opportunities and potentially making investments in

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5 Apr 2016 14:33

Polemos rears into life with second placing in as many months

(ShareCast News) - Polemos, a 'sleeping minnow' which has remained a virtually inactive cash shell since it sold the PLUS Markets exchange business four years ago, has reared into life in recent months and has now confirmed completion of a £175,000 fundraising and the appointment of Peterhouse as a

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5 Apr 2016 13:20

UPDATE: Polemos Raises GBP175,000 In Share Placing (ALLISS)

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5 Apr 2016 11:20

Polemos shares surge as company completes placing

(ShareCast News) - AIM-traded investment company Polemos was working to reassure markets after a jump in its share price this morning. The firm, which focuses on opportunities in the natural resources and energy sectors, said it was in the final stages of completing a placing to raise £175,000 at a

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5 Apr 2016 10:26

Polemos Close To Securing GBP175,000 Via Share Placing (ALLISS)

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