Brief: EasyScreen conditionally secures £1.8 million in placing and open offer

Brief: EasyScreen conditionally secures £1.8 million in placing and open offer

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.

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