Stephenson Harwood has advised new client Kalibrate Technologies on its placing and admission to trading on the AIM market of the London Stock Exchange, which took place on 29 November 2013.
Market capitalisation on admission was £26.2m. Stephenson Harwood advised Kalibrate and N 1 Singer Advisory acted as nominated advisor and sole broker to the company.
Stephenson Harwood provided legal advice including advising on the placing of approximately £13.1m of shares before expenses, with 8,227,848 new shares being issued by Kalibrate and 8,354,430 shares being sold by Kalibrate’s majority shareholder (at the time of the placing).
Kalibrate is a provider of pricing and retail planning tools to petroleum retailers worldwide.