Company inks sale of ordinary stock to finance its growth strategy
By Devika Patel
Knoxville, Tenn., May 3 - Norman Broadbent plc said it settled a £1.75 million private placement of shares.
The company sold 2,692,308 ordinary shares at 65p each. The price per share is a 7.8% discount to the May 2 closing share price of 70.5p.
Proceeds will be used to implement the company's growth strategy.
The London-based company provides executive search, leadership and interim management services.
| Issuer: | Norman Broadbent plc
|
| Issue: | Ordinary shares
|
| Amount: | £1.75 million
|
| Shares: | 2,692,308
|
| Price: | 65p
|
| Warrants: | No
|
| Settlement date: | May 3
|
| Stock symbol: | London: NBB
|
| Stock price: | 61.7p at close May 3
|
| Market capitalization: | £5.44 million
|
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