bullish

Fundraising to support growth

47 Views14 Jul 2017 17:49
Issuer-paid
SUMMARY

Windar has recently completed a subscription raising £1.25m (gross) at 82p/share. The funds from the placing will be used to support growth during H217. Our estimates and valuation remain suspended until the interims, when there should be more clarity on test programmes with independent power providers (IPPs) and wind turbine OEMs converting to volume sales.

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