Tan Delta Systems float on AIM
August 2023
Tan Delta are UK based globally operating company with over a decade of equipment health analysis monitoring experience and expertise. Proprietary real-time oil condition analysis technology (FSH™) enables accurate tracking of real time equipment health and operational status.
Proactive equipment management delivers proven benefits that include reduced maintenance costs, reduced breakdowns, extended equipment life and reduced carbon footprint. All their products and systems are easy to implement and use on any active equipment, in any application using any oil type – gearboxes, engines, hydraulics, electrical-insulating.
Admission to Trading on AIM
On 18th August 2023, admission and dealings on AIM commenced by way of a Placing of 23,074,000 new Ordinary Shares at 26 pence per Ordinary Share raising approximately £6.0 million and 346,000 existing Ordinary Shares at 26 pence per Ordinary Share and a PrimaryBid Offer of 859,006 existing Ordinary Shares at 26 pence per Ordinary Share.
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The Perivan shareholder communications team was delighted to work with Zeus Capital who was appointed as Nominated Adviser and Broker on the successful production and publication of the 101-page admission document.
Perivan is the market leader for IPO admission document production and specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.
