Plant Health Care has announced the raise of £2.35m in new equity from a strategic agriculture investor, Ospraie Ag LLC at a subscription price of 6.8p per share, resulting in ~34.5m new shares, representing 16.6% of the share capital of the enlarged company. We believe this investment should provide funds to accelerate New Technology development through the PREtec range of products and contribute to some de-risking of the longer-term opportunity while removing any lingering market conc
06 Nov 2019
£2.35m strategic investment to drive New Tech
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£2.35m strategic investment to drive New Tech
Plant Health Care PLC (PHC:LON) | 3.5 0 0.0% | Mkt Cap: 12.0m
- Published:
06 Nov 2019 -
Author:
Andrew Simms -
Pages:
2
Plant Health Care has announced the raise of £2.35m in new equity from a strategic agriculture investor, Ospraie Ag LLC at a subscription price of 6.8p per share, resulting in ~34.5m new shares, representing 16.6% of the share capital of the enlarged company. We believe this investment should provide funds to accelerate New Technology development through the PREtec range of products and contribute to some de-risking of the longer-term opportunity while removing any lingering market conc