Liberum acts as Sole Bookrunner on £4.5m fundraising for Science in Sport
We are pleased to announce that Liberum acted as Sole Bookrunner on a placing to raise £4.5m for Science in Sport plc. The oversubscribed placing received strong demand from existing and new institutional investors, and directors of the Company.
The Placing Shares were issued at 37p, a premium of 1.4% to the previous day’s mid-market close, and represent 9.1% of the Company’s enlarged issued share capital.
The proceeds of the Placing will be used to strengthen the Company's balance sheet with a view to providing sufficient liquidity and flexibility to allow the Company to manage through and beyond the period of expected and continuing disruption related to COVID-19 and continue to invest in its high-growth strategy.
Liberum has been Nomad and Sole Broker to the Company since September 2018.
Investment Banking – Bidhi Bhoma, James Greenwood, William Hall, Anthony Schia
Sales – Oliver Baxendale, Julian Collett, Sebastian Fernandez, Alistair Smallwood, Jamie Vickers
Research – Wayne Brown
Legal – Rebecca Gordon, Alice Foster
CIR – Marcio Remedios