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SkinBioTherapeutics PLC on Wednesday said it raised £2.6 million in total through its share placing and retail offer.
The skin health-focused life sciences company said 15.6 million shares will be issued through the placing and 733,618 shares for the retail offer. In total,16.4 million new shares will be issued, raising £2.6 million.
The share offer, first announced on Thursday last week, was priced at 16 pence each.
Shares in SkinBioTherapeutics were down 2.2% to 15.65p each in London on Wednesday morning. It currently has a market capitalisation of £24.5 million.
Following admission of the new shares, 173.1 million shares will be in issue.
By Sophie Rose, Alliance News reporter
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