23rd Oct 2015 06:43
LONDON (Alliance News) - Sports nutrition company Science In Sport PLC on Friday said it has raised GBP8.9 million through a firm placing and open offer of shares.
The company has issued 13.4 million shares under the firm placing and 1.7 million shares under the open offer to raise the funding. The shares were all issued at 59.00 pence per share, the same price at which the stock in London on Thursday.
The proceeds from the placing will be used to accelerate revenue growth for the company via international expansion of its operations and investments in its e-commerce business.
By Sam Unsted; [email protected]; @SamUAtAlliance
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