EMV Capital (AIM:EMVC) earlier this week announced the successful completion of an oversubscribed £1.5 million fundraising round, conducted at a 15% premium to the market price.
The company attributed this success to strong shareholder support and its robust business model, even amid challenging market conditions.
The funding will primarily focus on expanding EMV Capital (AIM:EMVC)’s fund management practice, launching new funds, and supporting its Venture Build program.
The company, which manages £100 million in assets, has a portfolio of 70 companies and aims to reach £200 million in assets under management by 2025. It has £40 million-plus in direct balance sheet holdings, which it expects to grow.
Here, we take a closer look at what was said.
Proactive: Congratulations on the capital raise, which was oversubscribed. Also, strong support for the retail offer.
Take us through the placing and the mechanics of it.
Ilian Iliev:Well, let me start by saying that we all know we live in a rapidly changing environment, …