26th Jun 2020 15:24
Instem PLC - Staffordshire-based IT solutions provider - Raises GBP15.8 million through the placing of 3.6 million shares at 435 pence each. Says new cash - from the fundraise announced Friday - will be used to accelerate its acquisition strategy, adding that a number of opportunities have already been identified. Following admission, Instem will have 20.5 million shares in issue.
Current stock price: 450.00p
Year-to-date change: up 17%
By Ife Taiwo; [email protected]
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