ClearStream places 6.12m shares

CLEARSTREAM TECHNOLOGIES, the Wexford-based medical device manufacturer, has announced that it hopes to raise around £3m (€4.38m) through the additional placing of 6.12m shares at 49p (71.6c) per share.

The company is listed on the London Stock Exchange and will seek approval for the placing at an EGM early next month. Proceeds will go towards new product development and sales and marketing.

The company also issued a trading statement yesterday ahead of its half-year results for the period to the end of January being announced at the end of March. Trading for the period is expected to be in line with market expectations.