Proactive Investors - Run By Investors For Investors

Haydale Graphene appoints new CFO and brings in £1mln

The loan is a 16-month facility from the Development Bank of Wales
Graphene
The £1mln will top up Haydale's workjng capital

Haydale Graphene Industries PLC (LON:HAYD) has raised £1mln in additional finance through a £750,000 loan and £250,000 share subscription.

The loan is a 16-month facility from the Development Bank of Wales and carries a coupon of 11%.

READ: Haydale and Wheelsure to work on smart sensor for the fastener market

The share subscription was priced at 20p, a discount of 21.6% to the close yesterday.

Haydale has also appointed Laura Redman-Thomas as its new chief financial officer and will take over from Matt Wood with immediate effect.

Roger Smith and Ray Gibbs are to step down as directors.

David Banks, Haydale’s executive chairman, said the Development Bank of Wales undertook extensive due diligence before agreeing to the loan.

Redman-Thomas previously worked at Stadium Group and De la Rue and will bring a commercial and professional approach to the group, he added.

View full HAYD profile View Profile

Haydale Graphene Industries PLC Timeline

Related Articles

Graphene
February 18 2019
The firm specialises in using nanomaterials, including graphene, to improve or enhance the properties of products such as plastics or ceramics
Itaconix
May 24 2019
In May, Itaconix received its first purchase order from chemical firm Nouryon for its personal care polymer following the signing of an exclusive supply agreement in February
Grape bunches
April 03 2019
Eden Research's first product Mevalone, a grape fungicide which is used to target the botrytis disease, is currently being sold throughout the southern EU zone and Kenya
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use