One Health Group has been on the Apex segment of the Aquis Stock Exchange for eight trading days. The medical procedures provider has a good track record and there will be plenty of demand for its services as the NHS tries to reduce waiting lists.
The shares in the placing were sold by the One Health EBT trustee, raising £1.5m, with £50,000 of new money raised in subscription. There was already cash in the bank and the EBT will pay back money it owes to the company.
The flotation is to enhance the corporate profile and gain access to funding. The current share price is 172.5p (170p/175p...