Placing and Subscription raising £4.5 million on AIM
1st March 2007
IPSO has today published and AIM Admission Document making application to AIM in conjunction with a placing and subscrption to raise £4.5 million.
Admission to AIM is expected to take place and dealings are expected to commence at 8am on 7 March 2007 under the AIM symbol IPS.
Ambrian Partners Limited is the Nominated Adviser and Broker to the Company.
Simon Hunt, Executive Chairman of IPSO said: "We are very pleased to have raised £4.5 million and completed the Framework Agreement with Loughborough University. This is the first of a number of similar agreements which we hope to secure and in doing so build IPSO into a significant business in the IP commercialisation sector. On behalf of the Board I would like to take this opportunity to extend a very warm welcome to all our new shareholders."
Peter Winter, Pro-Vice Chancellor (Enterprise), Loughborough University, added: "We are delighted to be working closely with Simon Hunt and his excellent team at IPSO. Having scanned the market place, we decided that IPSO was the best possible fit for us in the exciting project which will see some of the country's finest university research commercialised. We look forward to a long and productive relationship."