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Mporium raises £2.3mln at a premium as it continues to make “strong progress”

Investors paid 5p a share as part of the fundraising, 11% above Tuesday’s closing price of 4.5p

share certificate with silver bull and bear
Mporium’s state-of-the-art digital marketing technology is called IMPACT

Digital marketing specialist Mporium Group PLC (LON:MPM) has raised £2.3mln by issuing shares at a premium.

Existing investors subscribed for 46mln shares for which they paid 5p apiece – 11% above Tuesday’s closing price of 4.5p.

READ: Mporium expands reach into housebuilding

“The net proceeds of the subscription (being approximately £2.2mln) will be used to provide working capital and to support the continued momentum of the business,” read a brief statement on Wednesday.

The private investment firm and major shareholder Charles Street snapped up another 15.5mln shares to take its overall stake in Mporium to 17.31%.

“The group continues to make strong progress,” said chief executive Nelius de Groot.

“We are delighted that our shareholders share our strategic vision for the business and would like to thank our shareholders for their continued support.”

Quick facts: Mporium Group PLC

Price: 0.5 GBX

LSE:MPM
Market: LSE
Market Cap: £5.22 m
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