Haydale Graphene updates on open offer result

Haydale Graphene has raised gross proceeds of £0.5m pursuant to the Open Offer announced on 23 September 2016, that was heavily over-subscribed.


- About £2.6m raised pursuant to the Fundraising (comprising approximately £2.0 million from the Placing, £0.5 million from the Open Offer and approximately £55,000 from the Subscription)

- Applications were received for 957,256 Open Offer Shares, representing a take-up of approximately 306 per cent. Applications under the excess entitlements will therefore be scaled down resulting in a total of 312,500 Open Offer Shares, equivalent to gross proceeds of £0.5 million from the Open Offer, being issued.