Great Investment now.12 Jan 2023 16:00
Considering their £2m raised by a placing @ 25p last May was 9p more than the 16p to buy right now, I see no reason to be investing in Tek Capital & with the talk about paying a special dividend from any lucrative companies is very appealing too.
Tekcapital plc, (AIM: TEK), (OTCQB: TEKCF) the UK intellectual property investment group focused on creating valuable products from investing in university technologies that can improve the quality of life, announces that it has raised a total of £2 million (c.US$2.5m) before expenses, in an oversubscribed placing from existing and new shareholders, by way of the issue of, in aggregate, 8,000,000 new ordinary shares of 0.4 pence each in the Company (the "Ordinary Shares"), at 25 pence per share (the "Placing Shares") (together, the "Placing").
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Application has been made for the 8,000,000 Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 30 May 2022