News blog
IS Pharma
- BY: Andrew Hore |
- POSTED: 10/10/2010 |
IS Pharma raised £3.6m from the issue of shares to healthcare investor Abingworth at a premium to the market price.
The share price of the pharmaceuticals supplier was 70.5p when the shares were issued at 77p a share. Since then the share price has risen. At 78.5p a share, IS Pharma is valued at £24.1m.
The additional cash will be used to help finance further acquisitions. IS Pharma will pay a maiden dividend for the year to March 2011.
Download the October edition of AIM Journal at http://www.hubinvest.com/AIMPDFOctober2010_13.pdf
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