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  2. Share Prices
  3. TekCapital Share Price
  4. TekCapital Share News
  5. IN BRIEF: Tekcapital's Microsalt plans retail offer ahead of IPO

Pin to quick picksTekCapital Share News (TEK)

TekCapital Information

Share Price Information for TekCapital (TEK)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 11.00
Bid: 10.50
Ask: 11.50
Change: -1.00 (-8.33%)
Spread: 1.00 (9.524%)
Open: 11.75
High: 11.75
Low: 10.75
Prev. Close: 12.00
TEK Live PriceLast checked at -

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IN BRIEF: Tekcapital's Microsalt plans retail offer ahead of IPO

Mon, 02nd Oct 2023 16:26

Tekcapital PLC - London-based intellectual property investment company - Portfolio company MicroSalt PLC plans retail offer via PrimaryBid. Explains offer price per share is to be decided by the book-building process in a separate institutional offer. Sets minimum application amount of GBP500. Offer comes as MicroSalt plans admission to trading on AIM. States aggregate value of the new shares available for subscription will not exceed GBP2.5 million. Admission is expected to take place and dealings in shares to commence on October 18.

Proceeds from the institutional offer and PrimaryBid offer will mainly be used to support the ongoing development of MicroSalt applications, to increase its manufacturing capability and production volumes, R&D for product line extensions and for general working capital purposes.

Current stock price: 12.98 pence, up 3.8%

12-month change: down 32%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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