SuperSeed Capital Ltd raised £2m at 100p a share in order to invest in UK based seed technology companies alongside a related fund.
The share price ended the week at 70p (65p/75p). There were eight trades during the week and the first was for 1,000 shares at 90p each. A total of 36,000 shares were traded.
This is a large fall from the placing price. The NAV is 91.1p a share and directors can issue up to 50 million further shares at below NAV at the time of issue. They may not want to issue more shares at the current level, but the ability to issue shares lasts for five years. Observe pr...
