- Merian Chrysalis Investment Company said it expected raise more than a planned £50m from a share placement.

The company said that the target fundraise was now well covered by orders received from a wide range of institutional and private investors.

'As a result, the company expects the final funds raised under the placing to be significantly in excess of £50m,' it said.

Merian Chrysalis said it would cap the gross funds raised at £100m.

At 9:18am: [LON:MERI] share price was 0p at 112.5p

Story provided by