StockMarketWire.com - 1pm Plc has raised £1.5 million through the issue of 1 billion shares at 0.15p each to Henderson Global Investors.

The monies raised would provide additional working capital and lending facilities to the Company.

The company also said its full-year results would demonstrate another year of strong organic growth with profits before tax set to exceed £750,000, which is above current market expectations.

The financial year had seen record levels of new business written of £7.8 million, from £4.96 million, with sales during the final month of May totalling about £920,000, the highest monthly figure achieved by the Company to date.

The lease portfolio likewise has grown significantly and as at 31 May 2013, stood at £14.8m (FY12: £11m) an increase of 35 per cent. over the course of the year.





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