Bulletproof glass maker Romag plans AIM float

Bulletproof glass maker Romag Holdings says it intends to raise about eight million pounds with a listing on London's junior stock market AIM.

Romag, which supplies protective glass products to customers including airports operator BAA, oil giant BP and many UK banks and building societies, said it planned to list on the Alternative Investment Market on November 6.Some 18 million new shares would be placed at 45 pence, which with an existing 24.2 million shares valued the north-east England-based firm at 19 million pounds.Romag, which with BP Solar has developed an architectural solar glass that generates electricity while allowing light through, said proceeds of the float would be invested in a new manufacturing facility to increase production of this photovoltaic glass.Bell Lawrie White, a division of Brewin Dolphin Securities, is acting as broker and adviser.Bulletproof glass maker Romag Holdings says it intends to raise about eight million pounds with a listing on London's junior stock market AIM.

Romag, which supplies protective glass products to customers including airports operator BAA, oil giant BP and many UK banks and building societies, said it planned to list on the Alternative Investment Market on November 6.

Some 18 million new shares would be placed at 45 pence, which with an existing 24.2 million shares valued the north-east England-based firm at 19 million pounds.

Romag, which with BP Solar has developed an architectural solar glass that generates electricity while allowing light through, said proceeds of the float would be invested in a new manufacturing facility to increase production of this photovoltaic glass.

Bell Lawrie White, a division of Brewin Dolphin Securities, is acting as broker and adviser.

600450 Bulletproof glass maker Romag plans AIM float glassonweb.com

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