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Plant Impact's range of crop nutrition products focus on crop enhancement. They improve crop performance and crop health giving growers increased marketable yields, better quality and longer shelf life with reduced environmental impact.
Plant Impact raises further £1.455 mln via placing to accelerate growth plansJuly 02 2009, 10:35am
Novel pesticides and plant nutritional products developer Plant Impact PLC (AIM: PIM) said it has agreed a placing of 4,850,000 new ordinary shares at 30 pence each, raising £1.455 million before expenses.
The company plans to use the money to accelerate its growth plans, and in particular to finance further development and testing of its range of nutrient products, to finance field trials and to recruit sales staff. The technical sales team will be expanded with the aim of increasing direct sales in the 15 countries where the group's products are already being sold and supporting the Arysta LifeScience Corp sales effort.
Chief executive Peter Blezard commented: “With the continuing and strong support of our current shareholders and the confidence shown in the company by new investors we will apply this growth plan fundraising to further develop the company's commercial potential. “