Instem has announced the completion of an oversubscribed £15.75m (gross) equity fundraise, the proceeds of which will be used to advance negotiations on a number of acquisition targets. These range in size from small bolt-ons ($2-5m revenues) to more substantial strategic acquisitions ($15-20m+ revenues) in complementary areas. Management expects all to be earnings accretive in the first full year, with a targeted minimum return on investment of 10% initially, rising to 15% over time. W
20 Jul 2020
Strong H1 update & completion of fundraising


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Strong H1 update & completion of fundraising
Instem plc (INS:LON) | 512 0 0.0% | Mkt Cap: 105.0m
- Published:
20 Jul 2020 -
Author:
Chris Glasper -
Pages:
3 -
Instem has announced the completion of an oversubscribed £15.75m (gross) equity fundraise, the proceeds of which will be used to advance negotiations on a number of acquisition targets. These range in size from small bolt-ons ($2-5m revenues) to more substantial strategic acquisitions ($15-20m+ revenues) in complementary areas. Management expects all to be earnings accretive in the first full year, with a targeted minimum return on investment of 10% initially, rising to 15% over time. W