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VLSFri, 19th May 2023 11:07
Velocys PLC - Sustainable fuels technology company - Says its books are covered at around GBP6 million as a result of its placing and retail offer. Adds that the books remain open. Says both placing and retail offer close today.
Current stock price: 2.43 pence, down 28% in London on Friday
12-month change: down 57%
By Harvey Dorset, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Small cap gas-to-liquids company Velocys posted revenue takings of £1.7m for the year ended 31 December. Additionally, the company said it had raised £52m before expenses in an equity placing at 225p per share. It now had cash holdings of £59.8m on the balance sheet to take advantage of "significant
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