CEPS successfully raises £1.27m through placing

27th Jan 2017 11:00

(ShareCast News) - CEPS announced on Friday that, following its announcement on 26 January regarding a proposed placing, it has successfully placed 3,626,118 new ordinary shares at a price of 35p per share to raise £1.27m before expenses with institutional and private investors.The AIM-traded firm said application was being made to the London Stock Exchange to admit the Placing Shares to trading on AIM, with admission expected to occur on or around 2 February."Following the issue of the placing shares, the enlarged issued share capital of the company will comprise 13,199,940 ordinary shares of 10p each," the board confirmed in a statement.