By Anthony O. Goriainoff
Thruvision Group said it will raise around 3.2 million pounds ($3.9 million) via a premium share issue, and that it will use the net proceeds toward its sales and marketing capability as well as delivering key new software functionality.
The London-listed provider of screening technology said late Monday that it will issue around 13.4 million placing shares at 23.5 pence a share, a premium of around 6.8% to Friday’s closing price of 22 pence.
The company said the final number of placing shares will be determined at the end of a bookbuilding process.
“The placing is not conditional upon the approval by the company’s shareholders,” it said.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
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