Getech has conditionally raised £1.5m via a placing and subscription at a price of 2p (a 11.11% premium) and has launched a £0.2m retail offer to supplement its working capital and to fund future growth. From a trading perspective, Getech is in the best position it has been in for the past few years, with the orderbook, annualised recurring revenue (ARR) and sales pipeline all at record highs. £500k will be used as a working capital buffer to ensure financial liquidity throughout the annual work ....
