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.