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21 Jan 2019 | 08:26

Modern Water issues news shares, warrants

Water treatment technology group Modern Water said it had raised around £587k from a share issue.

New shares in the company were placed at 6.5p each.

Modern Water said it had also granted warrants over around 9m shares at a price of of 9.75p to investors, and around 0.5m at a price of 6.5p to a nominee of broker Turner Pope Investments.

All the warrants were exercisable within two years from grant and subject to approval at the company's 2019 AGM.

At 8:26am: (LON:MWG) Modern Water PLC share price was -1.35p at 6.75p

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