Source - RNS
RNS Number : 4934T
Applied Graphene Materials PLC
12 October 2017
 

12 October 2017

 

Applied Graphene Materials plc

("Applied Graphene Materials", "the Group" or "the Company")

Posting of Circular and Notice of General Meeting

Further to the Company's announcement on 10 October 2017 that it has conditionally raised gross proceeds of £9 million through a placing of New Ordinary Shares and it is proposing to raise gross proceeds of up to approximately £1 million through an open offer of New Ordinary Shares to Qualifying Shareholders, Applied Graphene Materials, confirms that the Circular (containing a notice convening the General Meeting) has been posted to Shareholders and will shortly be available for download on the Company's website: http://www.appliedgraphenematerials.com.

The General Meeting has been convened for Monday, 30 October 2017 at 11.00 am at the offices of Squire Patton Boggs (UK) LLP, 6 Wellington Place, Leeds LS1 4AP, United Kingdom.

Save as otherwise defined, capitalised terms used in this announcement have the meanings given to them in the announcement released by the Company on 10 October 2017 entitled 'Proposed Placing by Accelerated Bookbuild'.

For further information, please contact:

Applied Graphene Materials


+44 (0) 1642 438 214

Jon Mabbitt, Chief Executive Officer



Gareth Jones, Chief Financial Officer






N+1 Singer


+44 (0) 207 496 3000

Richard Lindley / James White






Hudson Sandler          


+44 (0) 207 796 4133

Charlie Jack / Emily Dillon



Notes to Editors

Applied Graphene Materials works in partnership with its customers using its knowledge and expertise to provide bespoke graphene dispersions and formats to deliver enhancements and benefits for a wide range of applications. The Group's strategy is to target commercial applications in two core markets: coatings, and composites and polymers.

The Group has developed proprietary bottom-up processes which are capable of producing high purity graphene nanoplatelets using a continuous process. The manufacturing process is based on sustainable, readily available raw materials and therefore does not rely on the supply of graphite, unlike a number of other graphene production techniques. Applied Graphene Materials owns the intellectual property and know-how behind this process.

Applied Graphene Materials was founded by Professor Karl Coleman in 2010 with its operations and processes based on technology that he initially developed at Durham University.  The Group was admitted to AIM in November 2013, raising £11 million, and is based at the Wilton Site on Teesside. In January 2016 the Group raised a further £8.5m to support its ongoing activities.

 


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