Shares digital

Insurance broker and health care services provider Jelf (JLF:AIM) bagged an impressive £45 million to fund its busy acquisition programme, pay off some debt and improve infrastructure. About £20 million is being raised by placing some nine million shares at 212.5p with new and existing institutions, and £25 million is to come from about 12 million new shares purchased by 3i Quoted Private Equity (QPE), a closed-end investment company, 45% owned by 3i group (III). Jelf announced the placing along with strong final results and three new acquisitions.

Shares says: A strong sign of confidence in the business. CS