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12 Aug 2019 | 09:14

Feedback conditionally raises £2m through placing of shares

Medical imaging technology company Feedback said it had conditionally raised a total of £2m through the placing of shares at a discount. The placing price represented a discount of approximately 14.3% to the closing mid-market price of 1.4p a share ordinary share on 9 August 2019, the company said. The proceeds of the placing would be used to complete the development of the company's clinical messaging product; to build a sales and support team to market and onboard users onto the clinical messaging product; and for general working purposes. The placing by Peterhouse Capital and Stanford Capital Partners, and a subscription of a total of 166,666,667 new ordinary would require shareholder approval at a general meeting of the company on 29 August 2019.

The shares to be placed would represent 30.78% of the issued share capital of the company.

At 9:14am: (LON:FDBK) Feedback PLC share price was 0p at 1.4p

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