Deltex Medical Group PLC - Chichester-based medical probes maker - Intends to raise £1.4 million through a subscription of 111.7 million shares at a price of 1.25 pence each, reflecting a 9% discount to the company’s closing price of 1.38p on Monday.

Proceeds will go towards launching and marketing the next generation TrueVue monitor as well as a new non-invasive Doppler probe, as well as provide general working capital.

In addition, Deltex will extend the £500,000 standby debt facility until December 2023.

Current stock price: 1.23 pence, down 11% on Tuesday

12-month change: down 43%

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