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Amphion Innovations Plc Announces Fundraising


Thursday, 13 Dec 2012 02:00am EST 

Amphion Innovations Plc announced that, to satisfy institutional demand, it has utilized its existing authorities to raise GBP318,600 (before expenses) by the issue of 10,620,000 new ordinary shares of 1p each in the capital of the Company (the "New Ordinary Shares") at an issue price of 3 pence per New Ordinary Share. The net proceeds of this placing will enable the Company to invest in current Partner Companies, support DataTern's patent litigation programmes, and provide working capital for the Company. The New Ordinary Shares will represent approximately 7.3 per cent of the existing Amphion share capital. Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. 

Company Quote

2.25
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4:28am EDT