EasyScreen has completed the conditional placing of 5,308,620 new ordinary shares, principally with institutional investors.
The derivatives trading software vendor announced on 3 May its intention to raise at least £1.5 million in a placing and open offer at 29 pence per share in a bid to secure its working capital.
Taken together with the irrevocable undertakings received to apply for shares in the open offer (for a total of 1,034,484 new ordinary shares), the company has conditionally raised the minimum gross proceeds of the issue amounting to approximately £1.8395 million.