Source - Alliance News

SRT Marine Systems PLC on Thursday said it has raised £500,000 through a retail offer of 1.4 million shares.

In December, the Somerset, England-based provider of maritime domain awareness systems and technologies for surveillance, security, safety and environmental protection announced a fundraising of up to £10.5 million, comprising of a subscription, placing and retail offer.

SRT said the shares were priced at 35 pence each.

The price represents a discount of about 16% to the closing share price of 41.5p on Thursday last week.

Shares in SRT were down 1.6% to 37.90p in London on Tuesday afternoon.

On Thursday said it has raised £500,000 through a retail offer of 1.4 million shares.

In total, SRT has now raised £10.5 million in total.

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