RE: TRLS14 Jan 2025 21:20
Ipo was 40p went up to 78p
Summary and Highlights:
· Successful Fundraising for gross proceeds of £28.5 million
· Issue price per Trellus Share of 40 pence
· The Fundraising was significantly oversubscribed across all components, raising the following amounts in gross proceeds:
− the Placing (c. £25.2 million)
− the Subscription (c. £2.4 million)
− the Restricted Offer (c. £0.9 million)
· Market capitalisation of approximately £64.6 million on Admission
· Enlarged Share Capital on Admission of 161,475,000 Ordinary Shares