Source - SMW
Ubisense Group has raised £5.5m from a share placement to support its growth plans and strengthen its balance sheet.

The company placed 17,187,500 new ordinary shares at 32p each.

The placing shares represent approximately 23.5% of the enlarged share capital of the company.

At 9:44am: (LON:UBI) Ubisense Group PLC share price was -0.5p at 34.5p