& cplSiteName &

CityFibre Raises £16.5M From IPO

Light Reading
News Wire Feed
Light Reading
1/17/2014
50%
50%

LONDON -- CityFibre Infrastructure Holdings plc (AIM: CFHL), the company that owns, builds and operates fibre optic infrastructure, is pleased to announce that Admission and trading of its Ordinary Shares commences at 8.00am today on the AIM market of the London Stock Exchange (“AIM”). Please find attached the full announcement.

Admission details:

  • The Fundraising raised approximately £16.5 million, before expenses, through the issue of 27,653,276 Ordinary Shares;
  • The total number of Ordinary Shares in issue at Admission is 52,314,648, giving the Group a market capitalisation of approximately £31.4 million at the Issue Price;
  • The proceeds of the Fundraising will be used to expand the Group’s fibre optic infrastructures, by connecting businesses, local government and consumer customers to its networks, and to deploy infrastructure in selected regional cities, either through the construction of new networks or the acquisition of existing fibre infrastructure;
  • finnCap plc is acting as Nominated Advisor and finnCap plc and Liberum are Joint Brokers to the Group; and
  • CityFibre’s TIDM Code is CFHL and its ISIN number is GB00BH581H10.

    CityFibre

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Featured Video
    From The Founder
    Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
    Flash Poll
    Upcoming Live Events
    November 30, 2017, The Westin Times Square
    March 20-22, 2018, Denver Marriott Tech Center
    May 14-17, 2018, Austin Convention Center
    All Upcoming Live Events
    Infographics
    SmartNICs aren't just about achieving scale. They also have a major impact in reducing CAPEX and OPEX requirements.
    Hot Topics
    Nokia Bell Labs & Verizon Stretch Fixed 5G to the Home
    Dan Jones, Mobile Editor, 11/13/2017
    Juniper's New Contrail VP Hails From Google
    Craig Matsumoto, Editor-in-Chief, Light Reading, 11/15/2017
    Eurobites: Telefónica Reckons Plastic Is Fantastic for FTTH
    Paul Rainford, Assistant Editor, Europe, 11/15/2017
    Animals with Phones
    Why Cats Don't Run Tech Support Click Here
    Live Digital Audio

    Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

    During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

    She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

    Like Us on Facebook
    Twitter Feed
    Partner Perspectives - content from our sponsors
    The Mobile Broadband Road Ahead
    By Kevin Taylor, for Huawei
    All Partner Perspectives