Fox Williams LLP acts for Plexus Holdings plc

January 8, 2014

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.”


Related pages:

Capital Markets more

Natural Resources more

icons Addthis Print Contact Register

Contact

tel: +44 (0) 20 7628 2000
10 Finsbury Square, London, EC2A 1AF
View map


For more information

 image

Paul Osborne
Senior Partner
Direct dial: +44 (0)20 7614 2503
plosborne@foxwilliams.com

 image

Mary Elliott
Senior Associate
Direct dial: +44 (0)20 7614 2628
melliott@foxwilliams.com

Accreditations

  • Top Ranked Chambers UK 2014 - Leading Firm
  • Ranked in Chambers Europe 2013 - Leading Individual
  • Ranked in Chambers Global 2014 - Leading Firm
  • Legal 500 - Leading Firm
  • The Lawyer UK 200 - Listed Firm
  • The Law Society Excellence Awards 2012 - Shortlisted
  • Investors in People - Bronze