27th Mar 2015 07:50
LONDON (Alliance News) - IP Group PLC on Friday confirmed it has raised a total of GBP128 million through a firm placing, placing and open offer.
The FTSE 250-listed intellectual property company said it has issued a total of 56.9 million shares to raise the GBP128 million, giving the shares an issue price of 225 pence. Shares in the company closed at 235.00 pence on Thursday.
IP issued 51.1 million shares under the firm placing, with 2.7 million issued under the open offer and issued 3.1 million shares under the placing.
By Sam Unsted; [email protected]; @SamUAtAlliance
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