Brief: Velocys Plc Announces Conditional Placing To Raise About £25 Mln

Velocys

25/11/2021 17:12

Nov 25 (Reuters) - Velocys PLC  VLSV.L :
    * VELOCYS PLC  - PROPOSED PLACING AND OPEN OFFER
    * VELOCYS PLC - PROPOSED CONDITIONAL PLACING WITH
INSTITUTIONAL
INVESTORS TO RAISE APPROXIMATELY £25 MILLION
    * VELOCYS PLC - PLACING AT PLACING PRICE OF 8 PENCE PER
PLACING
SHARE
    * VELOCYS PLC - FUNDS RAISED WILL BE USED PRIMARILY TO
ACCELERATE
DELIVERY OF VELOCYS' TECHNOLOGY

Source text for Eikon:  ID:nRSY6526Ta 
Further company coverage:  VLSV.L 

 ((Reuters.Briefs@thomsonreuters.com;))