Bango plc announces a placing of 12,222,222 new ordinary shares at 90 pence per share to raise approximately £11 million
The Placing comprises an initial placing of 944,000 new ordinary shares of 20 pence each (“Ordinary Shares”) (the “First Tranche Placing”) and a placing of a further 11,278,222 new Ordinary Shares (the “Second Tranche Placing”). The new Ordinary Shares proposed to be issued pursuant to the First Tranche Placing are expected to be admitted to trading on AIM on 16 November 2015 and the new Ordinary Shares proposed to be issued pursuant to the Second Tranche Placing are expected to be admitted to trading on AIM on 1 December 2015.
Read the associated Circular to Shareholders here