LightwaveRF (LWRF)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 6.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 13.19
  • 52 Week Low: 6.38
  • Currency: UK Pounds
  • Shares Issued: 120.82m
  • Volume: 30,000
  • Market Cap: £8.16m
  • Beta: 0.00

LightwaveRF raising at least ?1.3m through accelerated bookbuild

By Josh White

Date: Friday 16 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Smart home technology company LightwaveRF announced a number of firm and conditional placings and subscriptions on Friday, in a bid to raise at least £1.3m.
The AIM-traded firm said a firm placing and a firm subscription was taking place to raise around £1.1m through the issue of 15,806,811 new ordinary shares to new and existing investors, at 7p per share.

It explained that the conditional placing and the conditional subscription would raise a minimum of about £0.2m through the issue of at least 2,764,617 new ordinary shares to existing investors, also at 7p per share and subject to shareholder approval.

The placings were being conducted by way of an accelerated bookbuild to raise gross proceeds of a minimum of £0.7m, the board said, with the bookbuild beginning immediately following LightwaveRF's announcement on Friday morning.

It added that the price of 7p per share represented a discount of 11.2% to the closing price of 7.88p on 15 August.

"The company is seeking to raise funds by way of the fundraising to continue to scale the business, expand sales and marketing, execute on obligations in Europe and provide working capital," the LightwaveRF board said in its statement.

"The board believes the additional funds will accelerate the company into becoming a significant, profitable smart home device and technology player with leading technology, intellectual property and patents."

It said it would also help to build the LightwaveRF brand, and allow the firm to expand globally and exploit adjacent opportunities.

"Following completion of the fundraising, the company confirms that it will have sufficient working capital for its present operational requirements."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LightwaveRF Market Data

Currency UK Pounds
Share Price 6.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 13.19
52 Week Low 6.38
Volume 30,000
Shares Issued 120.82m
Market Cap £8.16m
Beta 0.00

LightwaveRF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.45% above the market average9.45% above the market average9.45% above the market average9.45% above the market average9.45% above the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average
Price Trend
74.49% below the market average74.49% below the market average74.49% below the market average74.49% below the market average74.49% below the market average
46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average
Income Not Available
Growth
49.14% above the market average49.14% above the market average49.14% above the market average49.14% above the market average49.14% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

LightwaveRF Dividends

No dividends found

Trades for 19-Sep-2019

Time Volume / Share Price
14:56 15,000 @ 6.51p
11:33 15,000 @ 6.51p

LightwaveRF Key Personnel

CFO Kevin Edwards
CEO Jason Elliott

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