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This information is provided in compliance with AIM Rule 26
History - Financial Snapshot
On May 5, 2006, Atelis plc, (AIM: ATEL) raised £1 million through the sale of 5,000,000 new ordinary shares at the placing price of 20p per share on London's AIM exchange, representing 20% of the enlarged issued share capital of the Group. At this price, Atelis' market value was approximately £5 million. The Placing was well received by institutional investors and was oversubscribed. Proceeds of the Placing are being used to finance the next stage of the company's development and growth, including funding ongoing R&D, product development and the expansion of the Atelis network of resellers and distributors.
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