Last checked at 
Angle PLC - Surrey-based medical diagnostic equipment company - Raises GBP20.0 million through a placing of 17.2 million shares prices at 116 pence each. Issue price is a discount of 6.8% to the closing price on Wednesday of 124.50p, before the offer was announced. Placing shares represent 7.4% of the company's stock.
The money will be used to commercialise the company's Parsortix system and open market opportunities in prostate cancer diagnosis.
Angle will announce progress on "multiple fronts" in the second half of 2021, "including the prospect of FDA clearance for the Parsortix system."
Current stock price: 127.00 pence
Year-to-date change: up 166%
By Ivan Edwards; ivanedwards@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
