The global provider of integrated maritime surveillance systems and digital navigation safety transceivers is raising up to £3.95m (gross), comprising a minimum £3.2m equity placing and a primary bid offer of up to £750k at 50p to accelerate Systems and Transceivers growth and to support Systems working capital. It is intended that working capital requirements for the £145m national CG contract announced in May (link here) will be funded through alternative flexible project finance and, if neces ....
