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Pin to quick picksSabien Tech. Share News (SNT)

Share Price Information for Sabien Tech. (SNT)

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Share Price: 12.50
Bid: 12.00
Ask: 13.00
Change: 0.00 (0.00%)
Spread: 1.00 (8.333%)
Open: 12.50
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Low: 12.50
Prev. Close: 12.50
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Sabien Technology Raises GBP400,000 In Share Placing At Premium (ALLISS)

Mon, 26th Mar 2018 15:37

LONDON (Alliance News) - Sabien Technology Group PLC said Monday it has raised GBP400,000 in gross proceeds in a share placing, with Chairman Bruce Gordon subscribing to 14.8 million of the 80.0 million shares offered.

Sabien issued the shares at a price of 0.5 pence each, a 25% premium to its closing price on Thursday last week of 0.4p. Shares were up 25% on Monday at 0.50p.

Gordon's participation has raised his stake to 44.8 million shares, worth 24% of Sabien's enlarged share capital.

Sabien also said it has appointed Peterhouse Corporate Finance Ltd as its sole broker, effective immediately.

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