25th Sep 2015 06:57
LONDON (Alliance News) - Digital security systems company SerVision PLC on Friday said it has raised GBP797,684 at a discount to back the growth of its business.
SerVision said it will issue 22.8 million shares at 3.5 pence per share in the placing. SerVision shares closed at 4.625 pence on Thursday.
"I am pleased to announce the company has successfully raised this significant amount of new funding to fulfil its rapidly expanding order book. Over the past 12 months we have seen an encouraging growth in our pipeline, especially in the UK market, which is being served by our new Manchester based office and management team," said Chairman and Chief Executive Gidon Tahan.
"We believe the prospects for the remainder of 2015 and into 2016 are very promising for the company," Tahan added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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