7th Aug 2015 06:55
LONDON (Alliance News) - Phorm Corp LTd said Friday that it has raised GBP3.2 million through the placing of 57.06 million shares and a subscription for 7.4 million shares, both at a price of 5 pence each.
The closing mid-market price of its shares Thursday was 6.25 pence.
The company operates an opt-in online advertising platform that protects users' privacy whilst making content and advertising more relevant to them.
It plans to use the proceeds from the fund raising for its general working capital purposes.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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Related Shares:
PHRM.L