Redhall Group is the West Yorkshire based manufacturer of high integrity products and equipment for the nuclear, oil and gas and infrastructure sectors.
Burges Salmon has advised WH Ireland Limited in its capacity as broker, and GCA Altium Limited in its capacity as nominated adviser, to Redhall Group plc, an AIM quoted company, on its placing to raise approximately £9.5 million. Redhall Group is the West Yorkshire based manufacturer of high integrity products and equipment for the nuclear, oil and gas and infrastructure sectors.
The firm placing is on a non pre-emptive basis to existing and new institutional investors. The transaction is conditional on shareholder approval at a general meeting to be held on 30 June. Admission is expected to occur on 5 July.
Adrian Haddon, Managing Director, Corporate Advisory & Broking at WH Ireland commented: “Burges Salmon were accurate, precise, attentive and considered in their advice and we were very pleased to have their support in this very successful fundraising.”
Burges Salmon corporate partner Dominic Davis and senior associate Mark Cook advised WH Ireland and GCA Altium on the fundraising.