4th Feb 2016 18:31
LONDON (Alliance News) - Imperial Innovations Group PLC late Thursday confirmed that is has raised GBP100.0 million through a placing to back its investment plans and accelerate growth.
The investment company said it sold 23.5 million new shares at 425 pence per share through the placing.
Imperial Innovations said the proceeds will be used to deploy capital into portfolio companies known to the group, increase its holdings in existing companies, and to deploy funds in investment opportunities arising from its involvement in the UCL Technology Fund LP, which provides funding for academic research projects.
Shares in Imperial Innovations closed up 5.1% at 420.50p on Thursday.
By Hannah Boland; [email protected]; @Hannaheboland
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