LONDON (Alliance News) - ANGLE PLC on Wednesday said it has raised GBP1.5 million from its shareholders via a share subscription.
ANGLE issued 2.3 million shares at 65 pence to its shareholders and said the offer was four-times oversubcribed. Shares in ANGLE were up 0.6% to 72.96 pence on Wednesday.
The money has been raised in addition to the GBP7.3 million placing and subscription Angle announced in February.
Net of expenses, the company now has raised a total of GBP8.2 million.
"We are delighted to have received such a strong level of support from our retail shareholders with the offer more than four times over-subscribed. In total we have raised GBP8.2 million net of expenses in our placing, subscription and offer, which puts ANGLE in a strong position to progress its first clinical application in ovarian cancer," said ANGLE Chief Executive Andrew Newland.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Angle (AGL)