20 February 2019
Haydale, (AIM: HAYD), the global advanced materials group, notes speculation regarding the prospect of an imminent equity placing. The Company confirms that it is currently conducting market soundings with potential institutional investors and that any such equity placing is expected to be carried out at a material discount to yesterday's closing price. In line with the Company's previous practice, it is anticipated that a pre-emptive offer would also be made to existing shareholders.
Discussions with potential investors remain ongoing and a detailed announcement will be made in due course.
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information:
|Haydale Graphene Industries plc
David Banks, Interim Executive Chairman
|Tel: +44 (0) 1269 842 946
|Arden Partners plc (Nominated Adviser & Broker)
|Tel: +44 (0) 20 7614 5900|
Notes to Editors
Haydale is a global technologies and materials group that facilitates the integration of graphene and other nanomaterials into the next generation of commercial technologies and industrial materials. With expertise in graphene, silicon carbide and other nanomaterials, Haydale is able to deliver improvements in electrical, thermal and mechanical properties, as well as toughness. Haydale has granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from six sites in the UK, USA and the Far East.
For more information please visit: www.haydale.com