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Share Price: 66.50

Bid: 65.00

Ask: 68.00

Change: 0.00 (0.00%)

Spread: 3.00 (4.615%)

Open: 66.50

High: 66.50

Low: 66.50

Prev. Close: 66.50

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IN BRIEF: NetScientific investee DeepTech Recycling bags GBP1 million

Fri, 01st Dec 2023 11:59

NetScientific PLC - technology and life sciences investor - Portfolio company DeepTech Recycling Ltd closes GBP1 million fundraising. DeepTech, in which NetScientific holds a 30% stake, is a company focused on chemical recycling of plastic waste. Last December, it bought the assets of Recycling Technologies Ltd out of administration. The fundraise is carried out via an advance share subscription agreement and is the first closing of a target investment programme of around GBP3 million, with further investment anticipated within the next six months.

Net Scientific says proceeds of the fundraise will go towards "the completion of a development phase for [DeepTech's] pilot plant, development and adaption of its targeted technology and licensing strategy, as well as the set-up of its operating base and development of its core team."

Current stock price: 61.50 pence, down 1.6% on Friday

12-month change: down 6.8%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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Netscientific Share News (NSCI)

Share Price Information for Netscientific (NSCI)

IN BRIEF: NetScientific investee DeepTech Recycling bags GBP1 million

Woodford Hikes Stake In NetScientific To Around 45%

NetScientific Raises GBP18.1 Million From Share Placing (ALLISS)

NetScientific announces placing, wider interim loss

NetScientific Raises Up To GBP20 Million As First Half Loss Widens (ALLISS)

NetScientific reshuffles Frontier BioSciences ownership in portfolio review

NetScientific Sells Stake In Frontier BioSciences

NetScientific's Vortex Biosciences secures critical US patent

NetScientific's Vortex BioSciences Secures US Technology Patent

NetScientific appoints Steve Curd as Wanda CEO

NetScientific Begins Sale Of Some Assets As It Re-Aligns Portfolio

Netscientific surges as portfolio company launches respiratory test

Netscientific Says ProAxsis Launches Diagnostic Test With Two Sales

NetScientific granted European patent for glucose measuring technology

NetScientific Says European Patent Granted For Glucosense Technology

NetScientific Says Commercial And Legal Director To Depart

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Netscientific Share News (NSCI)

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