Fox Williams is pleased to announce that it acted for Plexus Holdings Plc (the “Company”) on its recent £6.83m placing of new and existing ordinary shares (the “Placing”). The Placing comprised 1,020,408 new ordinary shares of 1p each (“Ordinary Shares”) and 1,767,216 existing Ordinary Shares. The Placing raised in aggregate £2.5m (before expenses) for the Company. The Company’s Nomad and broker, Cenkos Securities Plc, conducted the Placing and was advised by Lawrence Graham LLP.

The Company is an AIM listed oil and gas engineering services business and owns the proprietary POS-GRIP® friction-grip method of wellhead engineering.

Application was made for the new Ordinary Shares to be admitted to trading on AIM and dealings commenced on 5 December 2013.

Graham Stevens, Finance Director of the Company, commented “Fox Williams have acted for Plexus for a number of years, particularly with regard to matters relating to Intellectual Property and corporate activities. This Placing took place at relatively short notice following our year end results. Paul Osborne and his team responded accordingly in their usual efficient and timely manner leading to the conclusion of a successful equity fund raise”.

Paul Osborne, Senior Partner at Fox Williams, led the transaction and was assisted by corporate associates Sharon O’Donnell and Mary Elliott. He said “The Placing received strong support from the investment community which recognises the Company’s growth potential. We were delighted to have acted for Plexus on this equity fund raise which will help accelerate new business opportunities.”

Authors

Follow us online

Register for updates

You can register online or follow us on Twitter or LinkedIn to receive our latest news, events and publications.

Register

Search

Portfolio
Title CV Email

Remove All

Download


Click here to email this list.