15th Jun 2020 10:17
Feedback PLC - London-based medical imaging technology provider - Intends to raise GBP5.6 million through placing and open offer of shares. Placing to raise GBP5.1 million through issue of 505.0 million shares at price of 1.0p each. Open offer to allow qualified shareholders to subscribe for 54.0 million shares at issue price, on basis of 1 new share for ten existing shares, raising GBP540,000. Proceeds will go towards developing flagship product Bleepa, which allows medical staff to view and discuss medical images on mobile devices. Issue price at 9.1% discount to Thursday closing price of 1.10p.
Current stock price: 1.02 pence
Year-to-date change: up 1.0%
By Dayo Laniyan; [email protected]
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