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Winking Studios Proceeds With LSE Listing at $0.26 IPO

Singapore Business Review ·  Nov 11 10:22

The placing price per share represents an 11.3% discount.

Winking Studios will be listed on the London Stock Exchange's (LSE) Alternative Investment Market (AIM) at a placing price of $0.26 with the full consideration at $13.5m.

This came after shareholders approved the proposed issue and placement of 130 million new ordinary shares.

The placing price per share represents a discount of 11.3% to the volume-weighted average price of $0.29 on the shares traded on 8 November.

The company entered into a placing agreement with its nominated adviser, Strand Hanson, and broker, S.P. Angel Corporate Finance LLP.

Under the agreement, S.P. Angel has procured subscribers for a total of 52,666,667 fully paid-up ordinary shares in Winking Studios.

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