9th Jun 2014 15:39
LONDON (Alliance News) - Deltex Medical Group PLC Monday said it raised GBP509,234 before expenses through its open offer, after approximately 49% of the shares available in the offer were taken up.
The oesophageal Doppler monitoring technology maker said it will use the funds to further develop its business both in the UK and its overseas markets, including expanding its sales and clinical education team in the US to support expansion.
The company said 4.63 million shares were taken up in the open offer.
In a statement last month, Deltex Medical said it was looking to raise up to GBP1.04 million in an open offer of up to 9.5 million new shares. It said they would be purchased on the basis of one new ordinary share for every 18 existing ordinary shares at 11 pence per new share.
Deltex Medical shares closed Monday 3.5% higher at 11.00 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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