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Elektron Technology

  • BY: Andrew Hore |
  • POSTED: 17/07/2014 |

Elektron Technology has raised 989,000 via its one-for-six open offer at 5p a share.

Elektron had already raised 2.34m so the total raised is 3.33m, compared with the maximum figure of up to 3.5m.

The cash will be used to reduce borrowings. Net debt increased from 5.4m to 8m in the year to January 2014.

At 5p a share, Elektron is valued at 9.3m.

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