Plexus Holdings ( (GB:POS) ) has issued an update.
Plexus Holdings announced the successful closure of its Retail Offer, raising £0.5 million through the oversubscribed issuance of 7,692,307 shares at 6.5 pence each. The new shares will be admitted to trading on AIM, increasing the total number of voting shares to 172,691,366. This capital raise supports Plexus’s ongoing operations and strategic initiatives, reinforcing its market position and commitment to innovation in the energy sector.
More about Plexus Holdings
Plexus Holdings plc, listed on AIM under the ticker POS, is an IP-led company based in Aberdeen, specializing in the development and provision of wellhead systems and associated products and services for offshore operations. The company focuses on wellheads for jack-up rig operations, exploration and appraisal drilling, plug & abandonment work, and emerging markets such as carbon capture & storage, hydrogen production and storage, and geothermal energy. Known for its innovative POS-GRIP® wellhead technology and HG® metal-to-metal sealing systems, Plexus collaborates with major industry players like SLB and TechnipFMC.
YTD Price Performance: -32.68%
Average Trading Volume: 159,900
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.06M
For an in-depth examination of POS stock, go to TipRanks’ Stock Analysis page.