@UK PLC (“@UK”), a leading developer of software solutions to facilitate e-procurement, the trading of products and services between purchasers (such as public sector bodies) and suppliers (such as SMEs as well as larger companies) announces the commencement of dealings in its Ordinary Shares on AIM of London Stock Exchange today under the ticker code ATUK.L and the ISIN number GB00B9Y8Y28. @UK’s market capitalisation at the placing price of 60p per share is approximately £22.5 million.Placing statistics
|Placing price per ordinary share.||60p|
|Number of Ordinary shares placed on behalf of the Company||13,333,333|
|Gross proceeds of the Placing (before expenses)||£8.0 million|
|Market capitalisation at the placing price||£22.5 million|
|Placing Shares as a percentage of the Enlarged Share Capital||35.49%|
|Number of Ordinary shares in issue on admission||37,565,394|
Shore Capital is the nominated adviser and Broker.
Lyn Duncan, @UK Chief Executive said:
“Securing the support of a number of blue chip institutions is a huge endorsement of our strategy to take advantage of the window of opportunity that now exists to roll out our e-procurement solutions to government bodies across the UK. The Government is committed to e-Procurement as it is key to achieving targeted efficiency savings in the Public Sector.
“We have developed the technology and have the proven expertise to provide the trading connection between the thousands of local, regional and national government bodies and their one million suppliers.”