21st Jun 2018 10:55
LONDON (Alliance News) - appScatter Group PLC on Thursday said it raised GBP3.1 million via share subscription for general corporate and working capital requirements.
The software-as-a-service platform firm issued 4.4 million shares at a price of 70.00 pence each. Net proceeds from the offering are expected to total GBP2.8 million.
The stock was trading 9.5% higher on the day Thursday at 63.50p per share.
The subscription price represents a premium of 21% to the closing mid-market price per share on Wednesday of 58p. Following the admission appScatter will have 67.6 million shares overall.
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APPS.L