StockMarketWire.com - Surface Transforms has conditionally raised up to £1.5m, comprising a placing and open offer.

Cantor Fitzgerald Europe has conditionally placed on behalf of the company 3,846,154 new ordinary shares at a price of 13p per share, raising gross proceeds of £0.5m.

Additionally, in order to give shareholders who have not taken part in the placing with an opportunity to invest, the company is providing all qualifying shareholders with the opportunity to also subscribe at 13p per share, for an aggregate of 7,687,025 new ordinary shares to raise up to £1m.

At 1:06pm: [LON:SCE] Surface Transforms PLC share price was +0.38p at 13.25p



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