PHSC raises £350,000 in share placement

19th Aug 2016 07:28

(ShareCast News) - Healthy and safety group PHSC has raised £350,000 before expenses through a share placement.The company, which provides health, safety, hygiene and environmental consultancy services, said the placement was in response to investor demand. The group placed 1,590,909 new ordinary shares of 10p each with new investors at a price of 22p per share. The placing shares represent 10.8% of the enlarged issued ordinary shares of the company.PHSC will use the funds for additional working capital, including for ongoing expenditure relating to recent acquisitions.