IN BRIEF: SRT Marine Systems sinks following GBP5 million fundraise

Fri, 11th Mar 2022 10:37

SRT Marine Systems PLC - The Bath-based provider of maritime surveillance - Raises GBP4.9 million via the placing of 16.4 million shares at 30 pence per share. Issue price was a 25% discount to closing price of 40p on Wednesday. The new shares represent 9.1% of its issued share capital. finnCap acted as broker to the placing. Company did not mention for what it would use the proceeds.

Current stock price: 32.23p, down 16%

12-month change: down 0.8%

By Greg Roxburgh; gregroxburgh@alliancenews.com

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