IPO at 8p!16 Nov 2020 07:53
RMS's maiden name! No mention here about masks, which shows how the company can change direction, successfully, to meet market demands.
Strat Aero plc, a revenue generative international aerospace services company currently focused on the provision of training solutions, management systems and consultancy services to the international aviation market, is pleased to announce the admission of its issued share capital to trading on AIM. This follows the completion of a placing of 8,125,000 new Ordinary Shares at 8 pence per share to raise £650,000before expenses, giving the Company a market capitalisation of approximately £6.2 million on Admission at the Placing Price. The funds raised will be used to provide working capital for the Company's existing and future business opportunities, particularly in relation to the fast growing Unmanned Aerial Systems market ('UAS'). SP Angel Corporate Finance LLP is nominated adviser and joint broker to the Company, and Beaufort Securities Limited acts as joint broker.