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Pin to quick picksNetscientific Share News (NSCI)

Share Price Information for Netscientific (NSCI)

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Share Price: 64.50
Bid: 63.00
Ask: 66.00
Change: 1.00 (1.57%)
Spread: 3.00 (4.762%)
Open: 63.00
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Low: 61.50
Prev. Close: 63.50
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IN BRIEF: NetScientific invests GBP1 million into Martlet Capital

Thu, 16th Sep 2021 18:04

NetScientific PLC - London-based investor in life sciences companies - Invests GBP1 million into Martlet Capital Ltd, which is looking to raise a total of GBP22 million over the next six months to fund the acquisition of a portfolio of minority interests in the Cambridge high-tech cluster.

Investment leads to initial equity interest of 6.8% in Martlet. Looking ahead, NetScientific expects to establish a follow-on funding vehicle Cambridge Marquity Investments Ltd with Martlet and Saranac Partners. Group will invest GBP100,000 into vehicle for 40% stake.

Current stock price: 115.30 pence

Year-to-date change: up sharply from 46.50p

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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