Futura Medical, best known for its condom products which help maintain a firmer erection during sexual intercourse, is to raise funds through a placing of shares at a tiny discount to the prevailing share price.
The company intends to raise £2.08m, gross, through the placing of 3.65m shares at 57p a share, just a penny lower than the closing price of the shares on the day before the placing was announced.
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