By Sheri Kasprzak
New York, Jan. 25 - Accuma Group plc said it concluded a £5 million private placement with institutional investors, and certain insiders of the company intend to raise a total of £7 million from the sale of their shares.
In the private placement, Accuma issued 2.5 million shares at £2.00 each.
Proceeds will be used for working capital and to enable the company to explore new marketing strategies and make additional investments in infrastructure.
Also, certain directors of the company intend to sell 3.5 million shares at £2.00 each. Those directors include Charles Howson, chief executive officer, Robert Benjamin, marketing director, and Nicola Roberts, executive director.
London-based Accuma provides personal debt advice.
| Issuer: | Accuma Group plc
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| Issue: | Stock
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| Amount: | £5 million
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| Shares: | 2.5 million
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| Price: | £2.00
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| Warrants: | No
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| Settlement date: | Jan. 25
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| Stock symbol: | AIM: ACG
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| Stock price: | £2.26 at close Jan. 25
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