By Sheri Kasprzak
New York, April 28 - LiDCO Group plc said it has completed a £3.5 million private placement.
The company issued 17.5 million shares at 20p each.
Panmure Gordon & Co. was the placement agent.
The proceeds will be used for product development, market expansion and working capital.
Based in London, LiDCO develops medical devices used for cardiovascular monitoring.
| Issuer: | LiDCO Group plc
|
| Issue: | Stock
|
| Amount: | £3.5 million
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| Shares: | 17.5 million
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| Price: | 20p
|
| Warrants: | No
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| Placement agent: | Panmure Gordon & Co.
|
| Settlement date: | April 28
|
| Stock symbol: | London: LID
|
| Stock price: | 22.5p at close April 27
|
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