14/05/2010 The London Stock Exchange welcomes Ilika plc to the AIM Market
Ilika is an advanced cleantech materials company which accelerates the discovery of new and patentable materials using its unique high throughput technologies (‘‘HTT’’) process for identified end uses in the energy, electronics and biomedical sectors. This process enables hundreds of scalable materials to be made in a single, automated operation and subsequently tested for key properties.
The proceeds of the Placing will be used to fund the further development of identified materials for the energy, electronics and biomedical sectors.
Nomura Code Securities is Nominated Adviser and Broker. Pelham Bell Pottinger is acting as Ilika’s Financial Public Relations adviser.
DETAILS OF LISTING
· The Placing comprises the issue of 10,147,059 Placing Shares at 51 pence per share together with 10,147,059 Placing Warrants
· The Enlarged Issued Ordinary Share Capital at Admission is 36,569,359 Ordinary Shares, giving the Company a market capitalisation of £18.7 million at Admission
· Admission to trading. The Company will be listed in the Alternative Energy sector on AIM under the ticker “IKA”
Graeme Purdy, Chief Executive of Ilika plc commented on the listing:
“We are delighted by the strong support new and existing shareholders have shown for developing the business through an AIM listing. Ilika is already generating revenues from its own two successful biomedical products and has a pipeline of materials partnered with large multinational companies. Today marks the beginning of a new phase in the Company’s development, where its technology will help meet the need for advanced new materials, particularly in the energy and electronic industries.”