Insulation manufacturer Superglass has received approval from shareholders for a restructuring of its finances.
On November 7 2011, the Company announced details of a proposed share issue to raise approximately £9.46m through a Firm Placing, Placing and Open Offer of up to 47,272,745 New Ordinary Shares at a price of 20 pence per New Ordinary Share.
Valid applications have been received from Qualifying Shareholders under the Open Offer for 4,382,387 New Ordinary Shares. All will be satisfied in full.
Superglass will be releasing its Preliminary Results for the year ended August 31 2011 on Tuesday, December 6 2011 and will hold its Annual General Meeting at 10.00 a.m on Monday, January 16 2012 at the Stirling Management Centre, University of Stirling.