Technology company set to raise £21m in share placing

Radiation detection technology manufacturer Kromek is raising up to £21m with a share placing.

It will be placing 100m shares at the offer price of 20p per share and an open offer for around of 5.13m offer shares.

The Sedgefield business bases its R&D operations in Huddersfield at the 3M Buckley Innovation Centre.

At the end of last year it announced that revenues for the six month to October 2016 had increased 19% to £3.8m, and had nearly halved pre-tax losses to £1.8m from £3m in the first half of its 2015/16... For the full story register now for free or login below...