Kromek Group (KMK)

Sector:

Health Care

Index:

FTSE AIM All-Share

6.20p
   
  • Change Today:
      0.50p
  • 52 Week High: 8.00
  • 52 Week Low: 3.95
  • Currency: UK Pounds
  • Shares Issued: 641.55m
  • Volume: 4,043,262
  • Market Cap: £39.78m
  • RiskGrade: 527

Kromek raises £21m to invest in its radiation detection business

By Maryam Cockar

Date: Wednesday 25 Jan 2017

LONDON (ShareCast) - (ShareCast News) - Kromek, a radiation detection technology company, raised £21m in equity in order to support commercial activity and grow the business.
The AIM-listed company raised the funds from a firm placing, which was oversubscribed from new and existing investors, and an open offer, both subject to shareholder approval.

The firm placing was through the issue of 100m shares at 20p each and the open offer was for 5.12m shares on the basis of one share for every existing share at 20p each.

Chairman Sir Peter Williams, said: "The present fundraising will considerably strengthen our balance sheet, underpinning our plans for the sustained growth of the business and supporting increasing commercial activity through the deployment of our proprietary technology.

"The board has great confidence in the future of Kromek and recommends all shareholders to vote in favour of the proposals, which we believe will allow us to deliver increased value to our investors."

Williams said that the company has achieved a number of operational targets this year, enlarged its customer base and strengthened its relationship with original equipment manufacturing partners.

Over the past 18 months the company has won several contracts, which has given the company forward visibility over revenue that is in excess of 85% of market expectations for the current year.

Shares in Kromek were up 10.69% to 22p at 1419 GMT.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kromek Group Market Data

Currency UK Pounds
Share Price 6.20p
Change Today 0.50p
% Change 8.77 %
52 Week High 8.00
52 Week Low 3.95
Volume 4,043,262
Shares Issued 641.55m
Market Cap £39.78m
RiskGrade 527

Kromek Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
22.34% above the market average22.34% above the market average22.34% above the market average22.34% above the market average22.34% above the market average
8.57% above the sector average8.57% above the sector average8.57% above the sector average8.57% above the sector average8.57% above the sector average
Price Trend
12.4% below the market average12.4% below the market average12.4% below the market average12.4% below the market average12.4% below the market average
18.92% above the sector average18.92% above the sector average18.92% above the sector average18.92% above the sector average18.92% above the sector average
Income Not Available
Growth
26.93% above the market average26.93% above the market average26.93% above the market average26.93% above the market average26.93% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

Kromek Group Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
17:07 240,000 @ 6.20p
16:35 90,595 @ 6.20p
16:35 82,595 @ 6.20p
16:35 2,950 @ 6.20p
16:35 5,050 @ 6.20p

Kromek Group Key Personnel

CEO Arnab Basu

Top of Page