Cash raise at 55p a pop.17 Jul 2024 07:28
A total of 2,333,103 Offer Shares have been placed by Panmure Liberum Limited, acting as sole bookrunner ("Panmure Liberum"), at 55 pence per share (the "Offer Price") pursuant to the Placing, raising gross proceeds of approximately $1.7 million (c. £1.3 million) (the "Placing"). Concurrently with the Placing, 7,522,970 Offer Shares have been subscribed for by investors directly from the Company at the Offer Price, raising gross proceeds of approximately $5.3 million (c. £4.1 million) (the "Direct Subscription").