18th May 2021 17:38
(Alliance News) - Trellus Health PLC on Tuesday confirmed its intention to launch an initial public offer in London.
Trellus Health - which commercialises a digital health platform for complex chronic conditions - is hoping to raise GBP25 million.
"Trellus Health is pleased to announce that it has received strong indications of demand for the placing of new ordinary shares in the capital of the company and also confirms the launch of a restricted offer, to be made available for a limited period only to qualifying Trellus Health shareholders," the company said.
Trellus expects its shares to be admitted to London's AIM on May 28.
London-listed EKF Diagnostics Holdings PLC made a USD5 million investment in Trellus in August 2020.
By Paul McGowan; paulmcgowan@alliancenews.com;
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