Modern Water raises £30m
- From: Vol 8, Issue 6 (June 2007)
- Category: General
- Region: Europe
- Country:
- Related Companies: KBC Peel Hunt and Modern Water
The company has pushed through an oversubscribed share placing less than six months after being formed. It still has to establish a revenue base.
Modern Water plc made its debut as a publicly listed company on London’s Alternative Investment Market on 12 June, raising £30 million of new money by way of a placing of 25,210,085 shares at 119p each. This values the company at £70 million, of which just over 42% is in free float (see table).
Nominated adviser KBC ...
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