AttentiV placing raises £33.3 million

AttentiV placing raises £33.3 million

AttentiV Systems Group - formerly known as Lynx Financial Systems - has placed over 60 million of its ordinary shares at 55 pence per share, raising £33.3m prior to its expected debut on the Alternative Investment Market (AIM) on Wednesday.

Lynx Financial Systems announced earlier this month it intended to raise £30 million by floating shares on AIM, and was rebranding as AttentiV Systems Group.

Of the funds raised, £27.8m was on behalf of the vendor's former parent company, Lynx plc, with a further £5.5m (£3.7 million post-expenses) raised for AttentiV, which it says will be used for ongoing investment and expansion.

AttentiV says the placing was comfortably over-subscribed, with orders received from over 40 different institutional investors.

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