IN BRIEF: Thruvision raises GBP2.5 million as opts to stay independent
Thruvision Group PLC - Abingdon, England-based provider of walkthrough people-screening technology - Raises GBP2.1 million from an oversubscribed placing of 212.5 million new shares at 1 pence each. Some directors and staff intend to subscribe for a further 37.5 million new shares at the same price to raise an additional GBP375,340. The subscriptions will be delayed while the company is in its closed period ahead of the release of its results for the financial year that ended March 31. Thruvision also intends to launch a retail offer for up to 25 million new shares at the same price to raise up to GBP250,000 gross. Assuming full take-up, the new shares will represent 158% of Thruvision's existing total. Alenby Capital Ltd is running the placing as sole bookrunner. Read More