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Kromek launches plans to raise £8m from investors in share placing


The Durham business wants to invest the money as it is seeing the 'highest ever levels of customer engagement' across the business.

Radiation tech firm Kromek has announced plans to tap up investors for up to £8m to plough into the business.

The Durham based business, which develops radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments, announced the conditional placing, subscription and open offer, which it hopes will bring in up to £8m before expenses. The placing has been undertaken with new and existing institutional investors in the company and Kromek directors are participating in the placing and directors’ subscription.

Read the full article here.


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