Aeorema completes vendor placing

13th September 2017, 14:06

Aeorema Communications has announced that 3,426,500 shares have been sold by out-going Board members Peter Litten and Gary Fitzpatrick, though a placing conducted by Allenby Capital at 18p each.

The incoming Joint Managing Directors, Steve Quah and Andrew Harvey, and existing non-executive director Richard Owen, have, in aggregate, purchased 281,010 of these shares and the balance was purchased by new and existing shareholders of the Company.

At 2:06pm: [LON:AEO] Aeorema Communications share price was -2p at 24p