22nd May 2015 07:20
LONDON (Alliance News) - Security systems manufacturer SerVision PLC Friday said it has conditionally raised GBP911,927 via a share subscription.
The company has issued 17.5 million shares at 5.2 pence per share, with 7.7 million of the shares to be bought by existing shareholder Gabriel Sassoon.
The proceeds will be used to back its existing order book and for general working capital purposes.
SerVision shares were up 3% to 4.2501 pence on Friday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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