22nd Apr 2015 06:59
LONDON (Alliance News) - Phorm Corp Ltd said Wednesday it has raised GBP6.0 million through a placing of 62.5 million new shares and a subscription for 12.5 million shares at a price of 8.0 pence per share, which it plans to use for general working capital.
Phorm operates an opt-in online advertising platform that protects users' privacy while making content and advertising more relevant to them.
The placing was conducted via Mirabaud Securities LLP.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
PHRM.L