StockMarketWire.com - Medical imaging technology company Feedback said it had conditionally raised a total of £2m through the placing of shares at a discount.
The placing price represented a discount of approximately 14.3% to the closing mid-market price of 1.4p a share ordinary share on 9 August 2019, the company said.
The proceeds of the placing would be used to complete the development of the company's clinical messaging product; to build a sales and support team to market and onboard users onto the clinical messaging product; and for general working purposes.
The placing by Peterhouse Capital and Stanford Capital Partners, and a subscription of a total of 166,666,667 new ordinary would require shareholder approval at a general meeting of the company on 29 August 2019.
The shares to be placed would represent 30.78% of the issued share capital of the company.
At 9:14am: [LON:FDBK] Feedback PLC share price was 0p at 1.4p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.