News
Panmure Liberum acted as Nominated Adviser, Broker and Sole Bookrunner for TEK4’s IPO on AIM
We are delighted to announce that Panmure Liberum acted as Nominated Adviser, Broker and Sole Bookrunner in respect of TEK4 admission to AIM with a market capitalisation of £42.0 million raising £24.75 million at a price of 200p.
TEK4 Group plc is a UK-based precision engineering business focused on the design, manufacture and support of specialised hole-drilling systems used in the production of aero engine and industrial gas turbine components.
The £24.75 million fundraise consisted of a £22.75m placing for the Selling Shareholders and a £2.0m placing for the Company. The placing was substantially over subscribed as the Company attracted a broad range of blue-chip institutions.
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