@UK plc raises £5.3 million

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30/09/2013

Walker Morris, has further demonstrated its capability and experience in equity capital markets by acting for Westhouse Securities Limited (as nomad and broker) in connection with the placing and open offer by @UK plc to raise approximately £5.3 million.

Richard Naish from Walker Morris’ Corporate Group, advised Westhouse Securities.

Richard Naish, corporate partner who led the Walker Morris team said:

“The funds raised will to provide @UK plc with a solid platform for continued growth and we are very pleased to have acted for Westhouse Securities. This is the type of equity fundraising that the Walker Morris corporate team are doing on a regular basis and demonstrates the depth of our public company and institutional client base.”

Commenting on the Fundraising, Ronald Duncan, Executive Chairman of @UK said:

“We are pleased to announce the completion of our successful Fundraising which has been strongly supported by existing and new investors. This fundraising puts the Company in a strong position to realise the long term value of our new cloudBuy business model and global roll out in association with Visa.”

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