conditions
Small ticket asset finance facilities provider 1pm has raised
£656,500, having placed 328,250,000 fully paid ordinary shares at
£0.0006818 each.
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Application has been made for the placing shares to be admitted
to AIM trading, expected to commence on 14 August 2008.
Mike Johnson, chairman 1pm, said of the move: “A successful
placing in the current market underpins the strength of 1pm’s
business proposition. We have successfully turned the business
around under new management, sanitised the business model and
returned it to profitability.
“Access to new funds will ensure business up scale and continued
growth as a small business asset finance provider.”
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