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Allied Minds raises £64m to fund further investment in tech

Fri, 02nd Dec 2016 07:37

(ShareCast News) - Science and technology investor Allied Minds has raised £64m ($81m) in an equity placing to increase investment in its portfolio of businesses and fund a pipeline of emerging technologies.The FTSE 250 company, through broker Credit Suisse Securities, placed over 17.4m shares at 367p each and raised £64m, which represent about 8.1% of its issued share capital before the placing.Chief executive Chris Silva said: "The proceeds will further enable Allied Minds to invest alongside third parties in our portfolio of subsidiaries and to fund our pipeline of new technologies sourced from our academic, federal and corporate partners."The proceeds of the placing put Allied Minds in a strong position to capitalise on the opportunities in front of us and increase our financial flexibility as we seek to maximise value capture for our shareholders."Admission of the shares to the market is expected to be on 6 December, and after admission it will have a share capital of 233.7m with voting rights and none in treasury.Woodford Investment Management, a related party of the company, bought 4.1m shares for £15m.
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18 Sep 2018 09:53

Allied Minds Forms Unit To Build Digital Infrastructure For Industry

LONDON (Alliance News) - Intellectual property commercialisation firm Allied Minds PLC said Tuesday it formed a new unit called QuayChain to build connected digital infrastructure in transport as

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13 Aug 2018 08:59

Allied Minds Portfolio Firm HawkEye 360 Raises USD9.6 Million (ALLISS)

LONDON (Alliance News) - Intellectual property commercialization company Allied Minds PLC said Monday its portfolio company HawkEye 360 raised USD9.6 million in the first closing of a series A-3 a

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9 Aug 2018 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

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12 Jun 2018 13:12

DIRECTOR DEALINGS: Allied Minds Chief Executive Officer Buys Shares

LONDON (Alliance News) - Allied Minds PLC said that President and Chief Executive Officer Jill Smith purchased 135,000 shares at a price of 109.08 pence per share on Monday.It has not been

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31 May 2018 09:46

Allied Minds Hires Fritz Foley As Independent Non-Executive Director

LONDON (Alliance News) - Allied Minds PLC on Thursday said it has appointed Fritz Foley as an independent non-executive director.The intellectual property commercialization company said is

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16 May 2018 16:29

UK Shareholder Meetings Calendar - Next 7 Days

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16 May 2018 10:38

WINNERS & LOSERS SUMMARY: Crest Nicholson Leads Housebuilders Lower

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Micro up is

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22 Mar 2018 10:19

Allied Minds 2017 Loss Narrows On Reduced Costs And Revenue Growth

LONDON (Alliance News) - Allied Minds PLC on Thursday reported a rise in revenue and narrowed pretax loss in 2017 and said it made several changes to the board.The IP a

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15 Mar 2018 15:48

UK Earnings, Trading Statements Calendar - Next 7 Days

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13 Dec 2016 07:43

Allied Minds To Work With Boston University On Heart Monitoring Device

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13 Dec 2016 07:34

Allied Minds teams up with Boston University to develop cardiac tech

(ShareCast News) - US science and technology developer Allied Minds is to form a new subsidiary, Signature Medical, to work with Boston University to develop a wearable device to monitor heart failure. Signature Medical has secured a worldwide option to license patent rights from the universit

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1 Dec 2016 17:13

Allied Minds Plans USD65.0 Million Placing To Support Investment (ALLISS)

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23 Nov 2016 08:06

Allied Minds' HawkEye raises $11m in financing

(ShareCast News) - Allied Minds' subsidiary HawkEye 360 has raised $11m in new equity investment in a series A financing. The funds will be used to complete the development and manufacturing of the HawkEye 360 Pathfinder Cluster of three small satellites, which is due to launch and test late next ye

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21 Nov 2016 07:06

Allied Minds to develop thin films tech with Penn State

(ShareCast News) - US science and technology developer Allied Minds has created a new subsidiary Vatic Materials, which has agreed to license certain materials technologies from Pennsylvania State University. Vatic Materials is to focus on developing materials and fabrication processes for transpare

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