March 2016
2016 Notice of AGM
2016 Statements & Announcements,
AGM Information,
Group Financial Information,
Investor Information,
Shareholder Information,
Following the Group’s announcement on 23 February 2016 that it was in the process of raising approximately £10.0 million of new equity (the “Fundraising”), the Group is pleased to announce that it now proposes to raise £13.0 million (£12.3 million net of expenses) by way of a Firm Placing and Placing and Open Offer.
The structure of the Fundraising is such that it will satisfy the Group’s intention to recognise the pre-emption rights of existing shareholders insofar as is possible. The Fundraising has been fully underwritten by finnCap, subject to certain conditions….