SPHERE Medical is setting up a production facility in Wales as part of a £12m fund-raising drive to help the company grow.
The company, which makes monitoring and diagnostic equipment for the healthcare industry, is raising the cash by issuing 75m new shares at a price of 16p each. These will be sold to new and existing shareholders.
Two parties - Woodford Investment Management and the Wales Fund - have already agreed to put in £4m each, and a condition of the Wales investment is that the new production plant is located in the principality.
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The company, which makes monitoring and diagnostic equipment for the healthcare industry, is raising the cash by issuing 75m new shares at a price of 16p each. These will be sold to new and existing shareholders.
Two parties - Woodford Investment Management and the Wales Fund - have already agreed to put in £4m each, and a condition of the Wales investment is that the new production plant is located in the principality.
Help employers find you! Check out all the jobs and post your resume.
