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viewMporium Group PLC

Mporium raises £3.1mln in a well-backed share placing

Fresh equity will be issued at 7.5p - only a modest discount to last night’s close of 7.9p and a decent result given the current market volatility.

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Mporium is a specialist in e-commerce.

Mporium Group PLC (LON:MPM), the mobile commerce specialist, said it has raised £3.1mln via a share placing with new and existing investors.

Fresh equity will be issued at 7.5p - only a modest discount to last night’s close of 7.9p and a decent result given the current market volatility.

The cash infusion will be used for “ongoing product development, which is progressing as planned, its growth strategy and for working capital purposes”.

Specifically, money will be ploughed into Mporium’s INSIGHTS and IMPACT products, as well as sales and marketing, in order to accelerate growth.

Major shareholders Robert Keith, Lee Tin Yu and Cxense have all followed their money.

Quick facts: Mporium Group PLC

Price: - -

LSE:MPM
Market: LSE
Market Cap: -
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