- Tekcapital intends to conduct a placing of new shares to raise a total of about £2.4m gross at an intended price of 35p a share.

The placing would be conducted via an accelerated bookbuild, and was conditional on not less than £1m gross being raised.

Net proceeds would be predominantly used to launch IP-related software applications, expand its sales programme in Latin America, acquire and market new intellectual properties, and for general working capital.

At 9:34am: [LON:TEK] Tekcapital share price was +1.5p at 37.5p

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