Hardman & Co Research
Hardman Talks Video Event | Surface Transforms
Management Presentation and Q&A
We are delighted to announce Surface Transforms will be presenting a live webinar on Hardman Talks at 10:15am on Monday 3 October 2022. Sign up now for your place.
Surface Transforms has announced the completion of a placing and subscription to raise £16m and is now making an Open Offer to qualifying shareholders for another £3m of new shares. All these shares are priced at 40p, which represents a 14% discount to the closing mid-price on 27 September.
The company has made substantial progress with OEMs on new orders. It already has sufficient orders to fully utilise the extra capacity provided by phase 2 of the expansion of the current Knowlsey factory, but no spare capacity to meet additional orders. The proceeds of the fundraising will be used to boost the potential output of the current factory by 50%, as well as provide the working capital that further orders will entail. Management will be hosting a webinar for retail investors to hear the accompanying presentation and to ask questions.
The webinar is being hosted by Hardman & Co and investors can register to attend via this link: https://us06web.zoom.us/webinar/register/WN_i_3DuhFcQtaQ-IKBOiGs_Q
This webinar represents a key communication channel for investors to keep up to date with the company’s strategy and progress. All investors, whether existing shareholders or not, are invited to watch the presentation and take part in the Q&A session afterwards. There is no charge for attending. Investors are encouraged to submit their questions when registering or during the event. A recording of the webinar will be available on the Hardman & Co website shortly after the event for those cannot attend the live presentation.
Register here: https://hardman-co.com/p/49CL-LPZ/join-our-webinar
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About Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors’ understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies’ profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.
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