IN BRIEF: Windar Photonics CFO departs as makes new retail share offer

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Windar Photonics PLC - London-based wind power optimisation technology - Launches on Wednesday an additional retail share offer to raise up to £300,000 from the sale of up to 6.0 million new shares at 5 pence each. Late last month, Windar raised £5.1 million from a share offer, including £245,000 from its retail portion, at the same price of 5p. However, that August retail share offer was over-subscribed, with applications exceeding £900,000, prompting the follow-up offer.

Additionally, Chief Financial Officer Soren Belmar steps down on Wednesday "by mutual agreement". Windar hires Flemming Hallen-Kragh as to replace Belmar as a non-board finance director. Hallen-Kragh is a Copenhagen resident who most recently was finance manager at Toms Gruppen AS.

Current stock price: 5.26 pence

12-month change: up 92%

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