Smoke alarm firm Sprue Aegis plans £8m fundraising to support AIM move

COVENTRY-based smoke alarm supplier Sprue Aegis has revealed further details about an £8m fundraising ahead of its proposed move to the Alternative Investment Market (AIM).

The company, one of Europe's leading home safety products suppliers, intends to raise approximately the funding by way of a new share placing. The fundraising will be used to provide additional working capital to support sales growth across its markets, particularly in France and to fund product development.

The net proceeds of the placing... For the full story register now for free or login below...