Cirata PLC - Jersey-based software solutions provider - Successfully raises £5.6 million through placing of 10.1 million new shares at 55 pence each, representing 8.7% of issued share capital prior to fundraise. Offer price is a 5.2% discount to 58 pence closing price on July 15. Notes bookrunner Panmure Liberum Ltd places 2.3 million shares worth £1.3 million. Current stakeholders Global Frontier Investments, Davis Capital Partners and Richard Griffiths subscribe for 1.2 million, 2.8 million and 1.4 million shares respectively. Expects shares will begin trading on AIM July 22. After admission Cirata’s total issued share capital will be just north of 125.9 million shares.

Current share price: 56.00 pence

12-month change: up 14%

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