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Itaconix Raises GBP3.5 Million Via Share Open Offer And Subscription (ALLISS)

Wed, 01st Aug 2018 13:32

LONDON (Alliance News) - Polymers manufacturer Itaconix PLC said Wednesday that it has raised a total of GBP3.5 million via a share open offer and subscription.

The company raised GBP120,000 through an open offer of 5.9 million shares and a further GBP10,000 through US subscription of 350,000 shares.

This came after the company raised GBP3.4 million through placing at 2 pence per share, announced earlier in July.

Shares in Itaconix were down 4.4% at 2.20 pence each on Wednesday afternoon.

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