IX Europe shares put on 7.75p, closing at 68.5p (60.5p*) on news the Datacentre operator announced it plans to raise about 5.1 m net of expenses via a placing of 8.6 m shares at 59p a share with institutional investors. The proceeds will be used to accelerate the group's development in the UK and across Europe, including build and increased specification of its London4 IXDatacentre Phase 1, which remains on target to be open to customers in summer 2007.

The new funds, which the company said are likely to allow for improved debt terms and share liquidity, will also support IX Europe's other build-outs in progress including Frankfurt2 and Paris2.

'Strong demand for datacentre capacity, particularly London4, has resulted in an acceleration of our expansion programme to a higher specification to meet demand from high-end customers with increasingly demanding datacentre requirements,' CEO Guy Willner said.



* Initial feature report price on 15.01.07

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