27th Oct 2020 12:37
Angle PLC - liquid biopsy company based in Guildford, Surrey - Intends to raise up to GBP20 million through placing of up to 43.5 million shares at a price of 46 pence each.
Placing price reflects a 5.2% discount to Monday's closing price of 48.5p.
Proceeds will go towards funding ongoing operations, as well as building new clinical laboratories for pharmaceutical services, and commercial expansion including sales and partnerships.
finnCap and WG Partners are acting as joint brokers alongside US broker Beech Hill Securities.
Current stock price: 49.00 pence, for GBP84.7 million market capitalisation
Year-to-date change: down 22%
By Dayo Laniyan; [email protected]
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