Hardman & Co Research / GB0002892528
09.05.2024 - 11:38:05Hardman & Co Research on Surface Transforms (SCE): Open Offer
| Hardman & Co Research Hardman & Co Research on Surface Transforms (SCE): Open Offer 09-May-2024 / 10:38 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on Surface Transforms (SCE): Open Offer Surface Transforms (SCE) has announced the raising of £6.5m new equity and is launching an Open Offer to shareholders. It is raising capacity and quarterly revenue but has needed to address the two sets of production constraints it faced: scrappage and process-line pinch points. Pinch points have been much reduced through capital expenditure and expert maintenance teams. Major capital expenditure is ongoing and unaffected by the fund raise. The scrappage from the fast ramping up of volumes is reducing but still a problem. This, and volumes being below expectations, lead to the need for extra working capital. SCE is delivering product to a range of OEMs. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/sce-open-offer/ If you are interested in meeting the company, you can register your interest by clicking on the above link.
Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
