News blog
Proventec
- BY: Andrew Hore |
- POSTED: 18/04/2008 |
Steam cleaning equipment supplier Proventec is going to obtain a secondary quotation on Alternext.
It previously said that it was going to gain a quote on Euronext. It has decided that Euronext’s junior market, Alternext, is more appropriate than a full Euronext quotation. This will make it the second English company to join Alternext - the other has France Telecom as its major shareholder. The company’s newly issued loan notes will be quoted on Alternext.
Prior to joining Alternext Proventec will consolidate 20 shares into one new share. The loan notes will be convertible into shares at 280p a share.
The shares are currently trading at 7.25p - equivalent to 145p post-consolidation.
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