Further to the announcement made on 20 December 2017, Mporium raised £3.2m through the successful subscription of 53,333,333 new ordinary shares of 0.5p each in the capital of the company at an issue price of 6p per subscription share.
Net proceeds of the fundraising (approximately £3.1m) will be used to provide working capital and to support the continued momentum of the business.
Application has been made to the London Stock Exchange for the subscription shares to be admitted to trading on AIM, with dealings expected to commence on 5 January 2018.
Following Admission, the company will have a total of 587,886,539 ordinary shares in issue, each carrying one voting right. The company does not hold any ordinary shares in Treasury.
Shareholders may use this figure of 587,886,539 ordinary shares as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the company under the FCA's Disclosure and Transparency Rules.