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By Tom Winnifrith | Tuesday 12 February 2019If you like this, please share this article using the buttons below
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I know nothing whatsoever about Scientific Digital Imaging (SDI) but apparently it designs and manufactures scientific products for use in applications including life sciences, healthcare, astronomy, consumer manufacturing and art conservation markets. But it is on the acquisition trail and so there is a Primary Bid offering.
The Company has announced an offer at a subscription price of 34p per New Ordinary Share. This represents a discount of approximately 7.5% to the closing mid-price on Monday 11 February 2019.
The funds raised by way of the Offer will be used to strengthen the balance sheet of the Company by reducing its net debt position following the acquisition of Graticules also announced today for £3.4 million. It has already raised £2.5 million in a placing.
If you want to take part I make no recommendation as I know nothing at all but ShareProphets will earn a small commission if any of our readers pony up
There is a minimum subscription of £100 per investor under the terms of the Offer which is open to existing shareholders and other investors subscribing via PrimaryBid.com. This allocation will be filled on a "first come first served" basis. The offer closes at 9PM
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