Hardman & Co Research on Surface Transforms (SCE) 101 0 Kommentare Open Offer

Für Sie zusammengefasst

Surface Transforms (SCE) raising £6.5m through Open Offer.
Addressing production constraints: scrappage and pinch points.
Ongoing major capital expenditure unaffected by fund raise.

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.

To contact us:

Hardman & Co
9 Bonhill Street

London

EC2A 4DJ

www.hardmanandco.com

Contact:

Mike Foster

mf@hardmanandco.com

Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.

About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.

Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

1899773 09-May-2024