StockMarketWire.com - Kromek has raised £15m, gross, through the sale of new ordinary shares at 51p apiece in an oversubscribed fundraising ahead of its admission to trading on AIM.

The proceeds will be used for product development, expansion of the sales and marketing team, investment into the company's intellectual property portfolio, capital expenditure to support future growth and manufacturing capability, working capital and strengthening the balance sheet, including paying down outstanding loans.

At admission this morning (16 October), the company had a total of 107,607,335 ordinary shares in issue.






At 8:29am: [LON:KMK] share price was +58.5p at 58.5p



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