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Draper Esprit raises £110 million in oversubscribed equity placing at premium

Fri, 2nd Oct 2020

Venture capital company Draper Esprit said it had secured funding commitments to raise gross proceeds of £110 million through the placing of shares at a premium. The company placed 19,819,820 new shares at 555 pence per share, representing a 0.5% premium to the closing mid-market price of 552 pence per ordinary share on 1 October 2020. The placing was oversubscribed, the company said. At 9:11am: (LON:GROW) Draper Esprit PLC share price was +45p at 597p Story provided by StockMarketWire.com

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