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Omega Diagnostics Group PLC - Alva, Scotland-based medical diagnostics - Confirms it is considering a share placing to raise GBP5 million and an accompanying open offer to raise a further GBP7 million. Says it has conditional investor support for the equity raise, but going ahead with it depends on "other corporate actions currently being explored by the group". Last month, Colin King resigned as chief executive officer, having served for six and a half years, and Omega promoted Jag Grewal, then managing director of the Health & Nutrition division, in his place.
Current stock price: 7.20 pence, down 27% on Thursday
12-month change: down 70%
By Tom Waite; thomaslwaite@alliancenews.com
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