LONDON (Thomson Financial) - 1PM Plc. said it has raised 656,500 pounds
before expenses through the placing of 328.25 million shares at 0.2 pence each.
The provider of asset finance facilities to small businesses said it will
use the funds raised to increase its funding facilities.
Hoodless Brennan Plc. bought 100 million shares lifting it stake to 13.05
percent, Wills & Co. Stockbrokers Ltd. bought 50 million shares, lifting its
stake to 6.52 percent, the company said.
SVS Securities Plc. also bought about 73.89 million shares in the company,
lifting its stake to 9.99 percent, and Ron Russell bought about 75.11 million
shares, lifting his stake to 10.78 percent, it said.
TFN.newsdesk@thomson.com
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