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LONDON - BSF Enterprise PLC, a company specializing in tissue-engineered materials, has announced the conditional placement of 4,725,000 new ordinary shares at 3p per share, raising a total of £141,750. The placement falls within the remaining allowance for share issuance under the Financial Conduct Authority’s rules.
The strategic move comes on the heels of last Friday’s significant update regarding T-Rex leather, a product within the company’s innovative portfolio. This additional investment is seen as a vote of confidence from BSF’s largest shareholder, aimed at supporting the company’s strategic business and growth plans throughout 2025.
Shard Capital has been appointed as the sole broker for the transaction. The completion of the placement is contingent upon several conditions, including the admission of the new shares to the Equity Shares (transition) category of the Official List and to trading on the London Stock Exchange (LON:LSEG)’s main market. This process, known as Admission, is anticipated to occur before May 15, 2025.
BSF will seek the necessary approvals from the Financial Conduct Authority and the London Stock Exchange for the Admission of all the Placing Shares to be issued upon the completion of the placement. The new shares will have the same rights as the existing ordinary shares of the company.
This announcement is based on a press release statement and contains inside information under Article 7 of Regulation 2014/596/EU, which is part of UK domestic law following the Market Abuse (Amendment) (EU Exit) regulations.
BSF Enterprise PLC is recognized for its development and commercialization of innovative tissue-engineered solutions, including lab-grown leather, cultivated meat, and corneal repair technologies. The company’s proprietary scaffold-free platform is aimed at providing sustainable alternatives to traditional materials, addressing the growing global demand for environmentally responsible products.
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