Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Intelligent Environments raises working capital

UK financial services software house Intelligent Environments has raised £606,314 in working capital through a placing of new ordinary shares at a price of 8.75 pence per share.

0 20 January 2004 Be the first to comment

Intelligent Environments raises working capital

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The fundraising exercise follows the publication of an improved set of financial results earlier this week. The proceeds will be used to provide additional working capital to meet an expected increase in turnover for 2004 and 2005.

Chairman Clive Richards and CEO Phillip Blundell between them signed up for approximately ten per cent of the new shares in issue, raising their interests in the company to 11.9% and 0.7% respectively.