Published on: February 14, 2018
Completion of the Deferred Subscription
On 13 February Hardide updated the market that it has received advanced assurances from Her Majesty’s Revenue and Customs that the Deferred Subscription of £0.82m, as announced on 27 October, is eligible for EIS relief. Following the announcement, Hardide will have successfully raised net proceeds of £2.43m from the fundraising it undertook in October 2017. Admission and trading of the new shares is expected to take place on 19 February. We update estimates to reflect this.