Adventis Group, an AIM-listed marketing services company, has raised £825, 000 through a placing of 4,351,600 shares.
Adventis Group, an AIM-listed marketing services company, has raised £825, 000 through a placing of 4,351,600 shares.
The shares have been placed by Arbuthnot Securities with Baronsmead AIM VCT and the proceeds will be used to pursue the company’s growth plans.
Charles Phillpot, chief executive of Adventis, said: ‘The group remains profitable and is making use of this market downturn to evaluate various strategic and well priced acquisition opportunities. The placing proceeds represent a very strong endorsement of the potential of Adventis, leaving us well positioned to pursue our growth strategy and take advantage of these opportunities.’
The shares represent approximately ten per cent of the company’s existing issued share capital.
