14th Dec 2020 13:26
Sensyne Health PLC - Oxford-based clinical artificial intelligence company - Announces plan for open offer of new shares to existing shareholders to raise up to GBP2.5 million, and calls general meeting for January 4 to approve its overall equity raise. Sensyne will offer up to 2.7 million shares on the basis of 1 new share for every 47 existing shares held. The price of 90 pence each is the same as for last week's share placing and subscription, which raised GBP25.0 million. Says the fundraise will enable it to "capitalise on an expanding number and range of commercial opportunities, deliver economies of scale and accelerate future revenue growth". Says it plans to industrialise and scale the Sensyne data analytics capability.
Current stock price: 116.50p
Year-to-date change: up 69%
By Tom Waite; [email protected]
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