Daniel Stewart Securities PLC was up 42.17% this morning after announcing that it raised £1.2m through a cash subscription.

The investment bank’s subscription, conditional on Admission, is for 35,820,889 ordinary shares at a price of 3.35p per ordinary share of 0.25p each. There was sufficient demand to increase the offering from the £1m that was originally announced.

Following this, the company’s issued share capital will comprise 932,272,580 ordinary shares.