Member Article

Manchester-based Capital for Colleagues completes crowdfunding

Manchester-based investment company, Capital for Colleagues has completed its crowdfunding.

The company focuses on the Employee Owned Business (EOB) sector and had used crowdfunding to raise funds to make further investments.

Further to their 11 March 2015 announcementit has now received the funds in full and has issued 511,244 new ordinary shares of 40p each in the company at a price of 59p per share to the investors who participated in the crowdfunding.

The fundraising has raised a total of £301k before expenses and the crowdfunding was undertaken by CrowdBnk Limited (“CrowdBnk”) and Peterhouse Corporate Finance Limited. Following completion of the Crowdfunding, the Company’s issued share capital comprises 7,675,432 Ordinary Shares.

Dealings in the Ordinary Shares issued in the Crowdfunding will commence on the ISDX Growth Market today, 17 March 2015.

This was posted in Bdaily's Members' News section by Sophia Taha .