27th Feb 2015 09:52
LONDON (Alliance News) - Plant Impact PLC on Friday said it is planning to raise GBP6.2 million via a conditional share placing.
The agricultural bioscience company said it will place 15 million shares at 41.5 pence per share with institutional investors. Plant Impact shares were down 0.1% to 41.10 pence on Friday.
The proceeds will be used in part to fund its plans to develop new products and technologies.
Plant Impact also briefly said it is trading in line with market expectations for its financial year to July.
"This fundraising supports our multi-year technology development commitment to soy and wheat, accelerating our ability to commercialise new products in these important global crops," said Plant Impact Chief Executive John Brubaker.
By Sam Unsted; [email protected]; @SamUAtAlliance
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