25 Apr 2016 11:00
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Don't have an account? Click here to register.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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25 Apr 2016 07:19
Allied Minds losses widen as group ramps up invesment
(ShareCast News) - Science and technology development company Allied Minds reported a wider loss in 2015 in its annual report on Monday, which it blamed on an increase in its investment in research and development and the creation of four new businesses during the year. The FTSE 250 firm posted a ne
Read more18 Apr 2016 15:05
16 Mar 2016 08:08
Allied Minds forms cancer drug arm with NYU School of Medicine
(ShareCast News) - Allied Minds has launched a new subsidiary to develop potential cancer drugs from compounds developed by the New York University School of Medicine. Allied's joint venture with pharma group Bristol-Myers Squibb, Allied-Bristol Life Sciences, has set up the subsidiary, called ißeCa
Read more9 Feb 2016 14:47
FTSE 250 movers: Redrow falls despite rise in profits
(ShareCast News) - The FTSE 250 continued to slide on Tuesday, with the second tier market down 140.79 points (0.91%) to 15,357.20 by mid-afternoon. Redrow was near the top of the fallers list despite posting a rise in first half pre-tax profit as revenue and completions grew. In the six months to
Read more9 Feb 2016 07:32
Allied Minds marks 2015 as year of investment
(ShareCast News) - Allied Minds laid out 2015 as a year of investment, rather than cashflow, as it updated the market on Tuesday of its trading in the 12 months to 31 December 2015. The company had net cash and investments - including cash in the form of fixed income securities - of $194.8m (£135.37
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